GIGADEVICE (03986) saw its stock price surge by 8.37% during the intraday session, reflecting strong investor enthusiasm. The rally was part of a broader uptick in chip-related stocks, driven by positive industry developments.
The company announced the launch of its new-generation GD32H7 series of ultra-high-performance MCUs, which feature advanced capabilities like a 750 MHz main frequency and high-speed memory architecture. Additionally, the memory chip sector is experiencing heightened demand, with major manufacturers signing long-term supply agreements, further boosting investor confidence in GIGADEVICE's growth prospects.
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