Core Viewpoint - Tianyue Advanced (02631) has seen a significant stock price increase, reaching a new high of 54.55 HKD, driven by advancements in silicon carbide (SiC) substrate products and successful overseas market expansion [1] Company Summary - Tianyue Advanced has strategically positioned itself in the silicon carbide substrate market, offering a product matrix that includes 6/8/12-inch substrates, such as high-purity semi-insulating, conductive P-type, and conductive N-type SiC substrates [1] - The company is recognized as a leading player in the silicon carbide substrate sector, with successful collaborations established with over half of the top ten global power semiconductor manufacturers [1] - The company is actively expanding its overseas market presence, with high-quality conductive SiC substrates being adopted by renowned international companies in the power electronics and automotive electronics sectors, including Infineon, Bosch, and ON Semiconductor [1] Industry Summary - The shift in the semiconductor industry towards advanced packaging technologies, such as the transition from silicon to silicon carbide in the CoWoS packaging process, highlights the growing importance of silicon carbide materials [1] - Applications for silicon carbide substrates are expanding into electric vehicles, AI data centers, and photovoltaic systems, indicating a robust demand in various high-tech sectors [1]