Movement Alert｜GIGADEVICE Rises 3.64% in Regular Trading, NOR Flash Price Surge and Storage Policy Tailwinds Continue to Drive Gains

On September 17, GIGADEVICE rose 3.64% in regular trading, trading at HKD 466.8/share, with turnover of HKD 731 million. The stock extended a multi-day rally fueled by NOR Flash pricing momentum and supportive government policy for advanced storage technologies.

On the news front, a recent report from TrendForce indicates that NOR Flash is undergoing its most significant supply-demand structural shift in nearly a decade. High-capacity products (256Mb and above) face severe shortages, with prices expected to surge an additional 90% to 110% in the second half, after already accumulating 100% to 120% gains in the first half. AI servers require three to five times the NOR Flash volume of traditional servers, with each Retimer chip needing dedicated NOR Flash for microcode loading, sharply amplifying demand. Meanwhile, two government departments recently proposed accelerating the development of advanced storage capabilities and next-generation storage products, adding policy tailwinds. GIGADEVICE, as a core global NOR Flash supplier, stands as a direct beneficiary, though some foundry migration to overseas fabs remains in a ramp-up phase, constraining near-term effective output. Huatai Securities maintains a Buy rating, expecting sustained volume and price gains across the company's niche DRAM and NOR Flash product lines.

(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.)