HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose more than 9% AI-driven demand for storage chips is strong. Institutions believe that the trend of rising prices is expected to continue.

GigaDevice Semiconductor Inc. (03986) rose by over 9%, as of the time of publication, it increased by 9.18% to HK$713.5, with a turnover of HK$1.271 billion. On the news front, it was reported that SK Hynix Chairman Choi Tae-won stated that SK Hynix plans to double wafer production capacity by 2034 to meet the growing demand for storage chips driven by artificial intelligence. According to the latest research from global technology market research consulting firm Omdia, semiconductor revenue in the first quarter of 2026 increased by 27% compared to the fourth quarter of 2025, reaching $319 billion. Memory is the main driver of this growth, with a sequential growth rate of over 80% in the first quarter of 2026. In addition, on June 12, the China Securities Regulatory Commission website announced the approval of the first public offering of shares by Changxin Technology Group Co., Ltd. Sinolink believes that there is strong demand for AI, and the trend of rising storage prices is expected to continue. The capitalization of the domestic storage industry has entered a new stage, which is expected to further accelerate storage capacity expansion and technology upgrades, continue to be bullish on the storage benefit industry chain.