HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose nearly 5%. The tightness in memory supply is expected to continue until 2027, and the company is likely to benefit from the capacity replacement wave.

GigaDevice Semiconductor Inc. (03986) surged nearly 5% during intraday trading and was up 4.76% at 444.8 Hong Kong dollars as of the time of writing, with a trading volume of 1.525 billion Hong Kong dollars. In terms of news, reports indicate that the tight supply of memory will extend until 2027. Industry insiders have pointed out that manufacturers have already completed capacity allocation negotiations for the entire year of 2027 ahead of time, with the DRAM and HBM capacities of the three major manufacturers fully booked. BOCOM INTL previously noted that the company is one of the core targets in the mainland China's memory sector, optimistic about its potential for share growth against the backdrop of a wave of capacity replacement in niche DRAM and SLC NAND Flash. The deep cooperation with Changxin is a core support for the company's DRAM business. In March 2026, the company announced that it would significantly increase the annual procurement quota for contract-manufactured DRAM products from Changxin Technology Group from 1.182 billion yuan in 2025 to 5.711 billion yuan in 2026.