Tianyue will supply Infineon with 150 mm silicon carbide materials on the WeChat. Recently, an investor asked on the investor interaction platform: the company‘s official account announced a supply agreement with Infineon a few days ago, but the agreement was not announced through the announcement. Is it because the amount of the agreement does not reach the threshold of the announcement or is it just a framework agreement?http://www.ic-bom.com/

On May 24th, Tianyue Advanced (688234. SH) stated on the investor interaction platform that the company strictly complies with laws, regulations, and the relevant provisions of the Shanghai Stock Exchange on information disclosure to fulfill its information disclosure obligations. At the same time, the company has announced the relevant content of its cooperation with Infineon in accordance with the relevant requirements of commercial confidentiality between both parties. The company has signed a supply agreement with Infineon, under which it will supply high-quality and competitive 150mm silicon carbide products for manufacturing silicon carbide semiconductors. The first phase will focus on ensuring the supply of 150mm silicon carbide materials, but the company will also assist Infineon in transitioning to 200mm diameter silicon carbide wafers. The supply is expected to account for a double-digit share of Infineon‘s long-term demand. At present, the company has delivered products according to specific orders, and the agreement has been fulfilled well. With the rapid growth of global and domestic demand in terminal markets such as new energy vehicles, new energy power generation, and energy storage, the industry‘s demand for silicon carbide substrates has shown a sustained and strong trend. In the future, the company will continue to keep up with industry trends, expand production capacity, and enhance market competitiveness.http://www.ic-bom.com/