HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) opened more than 7% higher, as the trend for storage chips continues. The company has launched a new generation of GD32H7 series MCU.

GigaDevice Semiconductor Inc. (03986) opened over 7% higher, reaching a high of 349 Hong Kong dollars, an increase of 1.15 times compared to the IPO price. As of the time of writing, it is up 7.45% at 349 Hong Kong dollars with a trading volume of 9.1787 million Hong Kong dollars. On the news front, US storage concept stocks soared across the board on Tuesday, with SanDisk soaring more than 10% to a new high, with a cumulative increase of over 111% since the beginning of 2026. According to reports cited by the Science and Technology Innovation Board Daily, the supply chain pointed out that major storage manufacturers Macronix and Nanya Technology currently have long-term supply contracts with external parties, with the model mostly "locking in quantities rather than prices" and extending the time from one year to at least two years, with some major customers even discussing long-term cooperation frameworks close to 2030. CMSC stated that the demand for AI is growing at a faster pace than capacity expansion, with other consumer storage and niche storage sectors being squeezed by capacity and downstream panic stockpiling, leading to price increases well above traditional levels. It is worth mentioning that on January 22, GigaDevice Semiconductor Inc. announced the official launch of the new generation of GD32H7 series ultra-high-performance MCUs, including the GD32H789/779 series ultra-high-performance general-purpose MCUs, as well as the integrated EtherCAT slave controller GD32H78E/77E ultra-high real-time performance series MCUs. This series of products is based on the Arm Cortex-M7 core, with a maximum frequency of 750MHz, equipped with a high-speed large-capacity memory architecture and 640KB tightly coupled memory (TCM) that can run at the same frequency as the CPU, achieving high performance, low dynamic power consumption, and high-speed communication in an organic integration.