HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose more than 4% in the final trading session. GigaDevice Semiconductor Inc. has launched a new MCU for optical module applications.

GigaDevice Semiconductor Inc. (03986) rose over 4% during the final trading session, with the price increasing by 4.05% to HK$680.5 at the time of writing, with a trading volume of HK$11.53 billion. On June 10th, GigaDevice Semiconductor Inc. launched the new GD32E512 and GD32E252 series of MCU for optical module applications, covering a wide range of applications from traditional low-speed to new generation high-speed optical modules. The release of these new products will further expand GigaDevice Semiconductor Inc.'s product matrix in the field of optical communication, providing strong hardware support for the upgrade of high-speed optical interconnection in AI computing centers and next-generation network infrastructure. It is worth noting that, according to Changxin Technology's IPO prospectus, GigaDevice Semiconductor Inc. currently holds a 1.8% stake in Changxin Technology. Industry experts generally believe that, in the current global memory chip "super cycle", due to the continuous explosive growth of Changxin Technology's performance scale, as well as the scarcity and strategic value of being the only leading domestic DRAM manufacturer, if Changxin Technology successfully goes public, its market value is expected to exceed RMB 2 trillion to RMB 3 trillion.