HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) A shares hit limit up, while H shares surged by over 15%. Institutions are optimistic about the company expanding DDR4 production capacity with the help of Changxin.

GigaDevice Semiconductor Inc. (03986) afternoon stocks rose, as of the time of writing, A shares reached the daily limit, H shares rose by 14.4% to 842 Hong Kong dollars, with a trading volume of 2.828 billion Hong Kong dollars. On the news front, according to the latest storage spot price trend report released by TrendForce, in terms of DRAM, the demand for DDR5 is particularly strong, while DDR4 supply is tight and prices remain high, prompting some buyers to downgrade to DDR3, which has also pushed up the price of DDR3. In terms of NAND flash memory, after a rise in contract prices in the second quarter of 2026, spot prices have stabilized, but overall trading activity remains sluggish. HSBC Qianhai Securities released a research report stating that DDR4/LPDDR4 supply is still insufficient. With a stable relationship with ChangXin Memory, the company is one of the few companies that can increase DDR4 capacity in 2026-2028. At the same time, the bank believes that the company's customized DDRAM products for automotive and AI applications are expected to contribute to profitability in the second half of 2026, consolidating the company's strategic layout in the high-value niche DRAM market and supporting the continuous growth of the average product price.