HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) increased by over 17%, Jinqiu Fund invested in Qinyun Technology, attracting attention. The company benefits from the prosperity of the storage industry.

GigaDevice Semiconductor Inc. (03986) rose more than 17% in the afternoon, with its A-shares hitting the upper limit. As of the time of reporting, the stock rose by 15.6%, reaching 420.8 Hong Kong dollars, with a trading volume of 1.04 billion Hong Kong dollars. On the news front, information from enterprise check platform showed that on March 13, there were changes in the major shareholders of GigaDevice Semiconductor Inc.'s subsidiary, Qingyun Technology, including Beijing Jinqiu Private Equity Fund Management Company, among others. It is reported that Jinqiu Fund was initiated by Yang Jie, the former head of the Financial Investment Department of ByteDance. In addition, to focus on the customized storage market at the end, Megawin has set up a holding subsidiary, Qingyun Technology. Furthermore, a report from market research institution Counterpoint Research shows that due to the sustained imbalance in supply and demand, global prices for DRAM and NAND flash memory have increased significantly before and after the Lunar New Year, with prices for multiple products increasing by more than 130% month on month. The institution predicts that the supply shortage situation will last at least until the second half of 2027. China International Bank had previously indicated that, taking into account the company's continued operating improvement by 2025, the strong outlook for niche storage in 2026, and the company's gradual improvement of diversified product lines, there is potential for further growth.