On August 3, TIMES ELECTRIC rose 5.05% in regular trading, trading at HKD 35.36/share, with turnover of HKD 87.95 million.

The move follows the company's July 31 announcement that its subsidiary Zhuzhou CRRC Times Semiconductor will jointly invest RMB 287 million with Beijing Huairou Laboratory, Tsinghua-affiliated Huakong Technology Transfer, and Southern Power Grid New Power System Research Institute to establish Beijing CRRC Times Huaishi Semiconductor Co. Times Semiconductor will contribute RMB 192 million for a 67% controlling stake, while partners contribute intellectual property, with Huairou Laboratory holding 22.5%, Huakong 6%, and Southern Power Grid 1.5%.

The joint venture targets IGCT (Integrated Gate-Commutated Thyristor) technology advancement. The participation of Southern Power Grid is viewed as providing downstream application validation channels, while the national laboratory partnership strengthens source innovation capabilities. Separately, the company confirmed it possesses 650V-6500V IGBT and SiC product capabilities serving AI power and HVDC applications, with batch orders in continuous delivery, and has begun price negotiations with customers on power semiconductor devices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)