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<Research>CLSA Initiates Coverage on TIANYU SEMI w/ Rating Outperform & TP HKD70
Recommend 3 Positive 7 Negative 4 |
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TIANYU SEMI (02658.HK) is benefiting from the increased adoption of silicon carbide (SiC) epitaxial wafers in high-power and high-voltage applications, CLSA commented in its research report. The global power semiconductor market for silicon carbide epitaxial wafers is projected to have a CAGR of 40.5% from 2025 to 2029, with the total addressable market expected to reach USD16 billion. CLSA has initiated coverage on TIANYU SEMI with a target price of HKD70 and an Outperform rating. AAStocks Financial News |
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