Gigadevice (03986) opened sharply higher in the morning session, gaining over 7% and reaching a high of HK$349, which represents a cumulative increase of 1.15 times from its IPO price. As of writing, the stock was up 3.76%, trading at HK$337, with a turnover of HK$141.2 million.
U.S. memory chip concept stocks surged across the board on Tuesday, with SanDisk skyrocketing over 10% to hit a new record high, bringing its year-to-date gain for 2026 to more than 111%. According to media reports cited by the STAR Market Daily, supply chain sources indicate that major memory manufacturers Winbond Electronics and Nanya Technology are currently signing long-term supply agreements (LTAs), which are mostly based on a "locked volume, not price" model. The contract duration has been extended from one year to at least two years, with some major clients even negotiating long-term cooperation frameworks extending close to 2030. China Merchants Securities stated that the growth in AI demand continues to outpace the speed of capacity expansion. Meanwhile, other consumer memory and niche memory segments are experiencing price increases far exceeding conventional levels due to factors like capacity squeeze and panic stockpiling by downstream customers.
Notably, on January 22, Gigadevice announced the official launch of its new-generation GD32H7 series of ultra-high-performance MCUs. The series includes the GD32H789/779 series of ultra-high-performance general-purpose MCUs, as well as the GD32H78E/77E ultra-high real-time series MCUs, which integrate an EtherCAT® slave controller. These products are based on the Arm® Cortex®-M7 core, achieving a main frequency of up to 750 MHz. They are equipped with a high-speed, large-capacity memory architecture and 640KB of tightly coupled memory (TCM) that can run at the same frequency as the CPU, achieving an organic unification of high performance, low dynamic power consumption, and high-speed communication.
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