HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rises by over 8% to reach a new high in the market. The shortage of memory chips may last at least until 2028.

GigaDevice Semiconductor Inc. (03986) surged more than 8%, reaching a high of 919 Hong Kong dollars, setting a new high for its listing. As of the time of writing, it has increased by 8.54% to 915 Hong Kong dollars, with a trading volume of 925 million Hong Kong dollars. On the news front, according to ComputerBase's price tracking data for the three major storage categories of memory, HDD, and SSD, the current storage shortage crisis is far from over. In mid-June, HDD prices had a significant increase, and memory and SSD prices are also rising. Morgan Stanley recently released a research report stating that due to the continued growth in demand for AI data centers, the tight supply and demand situation throughout the entire HDD and storage industry chain exceeds expectations. The shortage situation may last at least until 2028, breaking the previous expectation of "easing by 2027." GigaDevice Semiconductor Inc. is a leading NOR flash design company in China, with the second-largest market share globally. The company actively develops a diverse product matrix, including NOR Flash, SLC NAND Flash, niche DRAM, MCU, analog chips, and sensor chips. Central China believes that the company is a leading enterprise in China for niche memory and MCU, with the memory cycle continuing to trend upwards. The company's niche DRAM, SLC NAND, and NOR Flash products are experiencing an increase in both volume and price. The company is actively expanding into customized storage, achieving successful expansion with customers in various fields, and it is expected to contribute revenue in 2026.