HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose over 5%. Second-quarter performance saw rapid growth, and DRAM prices are expected to continue rising in the second half of the year.

GigaDevice Semiconductor Inc. (03986) rose over 5%, reaching a 5.05% increase as of the time of writing, priced at HK$494.8, with a trading volume of HK$1.416 billion. In terms of news, GigaDevice Semiconductor Inc. announced the record of investor relations activities, stating that DRAM products have experienced several consecutive quarters of price increases. By the end of the second quarter of this year, niche DRAM prices were still on an upward trend, and it is expected that this will continue in the second half of the year, with prices likely rising moderately. Looking ahead to 2027, the release of new production capacity in the DRAM industry is relatively limited, and the tight supply situation for DRAM will not significantly ease, leading to a relatively long industry boom cycle, with product prices expected to fluctuate at high levels. The semi-annual report released by GigaDevice Semiconductor Inc. earlier showed that it achieved operating income of 11.566 billion yuan in the first half of this year, a year-on-year increase of 178.67%; the net profit attributable to the parent company was 6.857 billion yuan, a year-on-year increase of 1091.5%. Specifically for the second quarter, the net profit was 5.396 billion yuan, a quarter-on-quarter increase of 269%. Zhongtai pointed out that in the major storage cycle, the price increases of niche DRAM, SLC NAND, and NOR Flash continue to exceed expectations, with the revenue from the company's storage chips in the first half of the year showing a year-on-year increase of 245%, and niche DRAM and SLC NAND experiencing rapid growth. The company is expected to continue to benefit significantly.