HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rises nearly 9% to a new high, Chaxin Technology is about to be listed, the company recently launched a special MCU for optical modules.

GigaDevice Semiconductor Inc. (03986) rose nearly 9% in early trading, reaching a high of 919 Hong Kong dollars, setting a new historical high. As of the time of writing, it is up 5.87%, trading at 592.5 Hong Kong dollars, with a turnover of 1.482 billion Hong Kong dollars. On the news front, Changxin Technology's Science and Technology Innovation Board IPO is accelerating. On June 12, the China Securities Regulatory Commission approved the company's IPO registration application, with expectations of listing soon. Galaxy Securities had previously stated in early April of this year that GigaDevice Semiconductor Inc. is expected to purchase DRAM transaction volume from Changxin Group amounting to 5.71 billion yuan in 2026, a significant increase from 12 billion yuan in 2025. It is expected that the transaction volume in the first half of 2026 will amount to 1.547 billion yuan, already surpassing the actual amount for the entire year of 2025, with market demand continuing to surge. It is worth noting that on June 10, GigaDevice Semiconductor Inc. officially released the GD32E512 and GD32E252 series of MCU chips specifically designed for optical modules. The company's MCU products have previously been widely used in industrial and consumer electronics fields. This targeted release of optical module-specific series indicates the company's deep involvement in the field of optical interconnect computing power, establishing a synergistic advantage between "storage + control chip", and providing a one-stop domestic chip solution for optical module manufacturers.