HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) opens up by over 4% recently intends to increase capital to its subsidiary by 500 million yuan to promote the research and development of DRAM chips.

GigaDevice Semiconductor Inc. (03986) opened more than 4%, as of the press release, it is up 4.43% to HKD 329.8, with a turnover of HKD 2.0777 million. In terms of news, recently, GigaDevice Semiconductor Inc. announced that the company held the eighth meeting of the fifth board of directors on January 22, 2026, and approved a proposal to use part of the funds raised from the A-share to increase the capital of its wholly-owned subsidiary, Zhuhai Hengqin Xinstor Semiconductor Co., Ltd., by 500 million yuan. Xinstor will also increase the capital of its fully-owned subsidiaries, Hefei Xinstor Semiconductor Co., Ltd. and Xi'an Xinstor Semiconductor Co., Ltd., by 30 million yuan and 50 million yuan respectively. This capital increase is aimed at implementing the R&D and industrialization project of DRAM chips, without changing the direction of the raised funds or the content of the project construction. It is understood that GigaDevice Semiconductor Inc. has already mass-produced its first self-owned brand 4Gb DDR4 product series GDQ2BFAA, achieving full domestic production from design, chip manufacturing, packaging and testing, to validation. Hu Hong, Vice President of GigaDevice Semiconductor Inc. and General Manager of the DRAM Business Unit, said, "Next, the company will accelerate the layout of the DRAM product line, launching series products with different capacities and interfaces such as DDR3 and DDR4, providing complete solutions for various applications on consumer platforms. Through comprehensive products and diversified solutions, we will help the industry open up more possibilities."