Tianyue Advanced collaborates with multiple industry chain partners to sign a strategic agreement to jointly promote the 8-inch silicon carbide chip production line project.

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【Finance Network News】On March 28, Shandong Tianyue Advanced Technology Co., Ltd. (A-share code: 688234; Hong Kong share code: 02631, hereinafter referred to as “Tianyue Advanced”) issued an announcement stating that the company has signed strategic framework agreements with multiple parties across the industry. The purpose is to jointly advance the implementation of the 8-inch silicon carbide (SiC) chip production line project, and to jointly promote the self-controllable and large-scale, high-quality development of the entire silicon carbide industrial chain.

The announcement shows that the cooperation partners include companies engaged in silicon carbide chip R&D and manufacturing, power technology and power semiconductor asset operation companies, automobile system and parts manufacturers, as well as industrial investment institutions. Given commercial confidentiality information, Tianyue Advanced has not disclosed the specific names of the cooperation partners.

It is understood that the five cooperation parties will carry out project, business, and capital cooperation around the silicon carbide industrial chain, and will fully leverage each party’s advantages in technology, capacity, market, capital, and government resources. As a leading enterprise in the domestic silicon carbide substrate materials field, Tianyue Advanced hopes that through this deep strategic binding, it can connect the entire chain of materials, chips, automotive-grade applications, capacity expansion, and capital support.

Tianyue Advanced stated that the domestic silicon carbide industrial chain is currently in a period of rapid development and urgently needs upstream and downstream coordination to enhance its self-controllable capabilities and overall competitiveness. This cooperation will help consolidate the company’s industrial position in the silicon carbide substrate field, further improve upstream and downstream coordination, expand market application scenarios, enhance overall competitiveness, and align with the company’s long-term development strategy.

The announcement also notes that the agreement is a framework and principled arrangement. There is uncertainty regarding the specific cooperation matters, implementation progress, and amounts. It does not constitute performance commitments to investors, and is not expected to have a direct impact on the company’s performance for 2026 and beyond. The company will, according to the progress of subsequent cooperation matters, timely fulfill the corresponding decision-making procedures and information disclosure obligations in accordance with laws and regulations.

Market analysts pointed out that if this cooperation can be advanced smoothly, it will accelerate the construction of domestic 8-inch silicon carbide chip production capacity, which is of positive significance for enhancing China’s overall competitiveness in the third-generation semiconductor sector. However, given the uncertainty of the framework agreement, investors still need to pay attention to the rollout of specific subsequent projects.

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