天岳先进-管理层调研-AI 数据中心能效需求提升驱动碳化硅应用；良率改善增厚毛利率

17 January 2026 | 12:07AM HKT Equity Research SICC (688234.SS): Mgmt. visit: AI data center rising requirements on power efficiency drive SiC adoption; rising yield rate enhances GM We hosted SICC management on Jan 14 in GS Tech AI Outlook Corp Day in Hong Kong. Management's positive tone on 2026 and onward echoes our positive view on SICC: (1) strong R&D to enhance yield rate and profitability despite SiC substrate price downward trend, (2) SiC substrate price decline could drive the adoption rate of SiC a ...