HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose more than 8% in early trading. Two government departments proposed accelerating the development of advanced storage capacity and researching and developing new types of storage products.

GigaDevice Semiconductor Inc. (03986) rose more than 8% in early trading. As of press time, it was up 8.00% at HK$453.6, with a turnover of HK$468 million. On the news front, the Ministry of Industry and Information Technology and the National Development and Reform Commission recently jointly issued the "15th Five-Year Plan for the Development of the Electronic Information Manufacturing Industry." The plan states that it will accelerate the development of advanced storage capacity, promote strengthening computing through storage and replacing computing with storage, raise the technical level of distributed and hyper-converged storage systems, and improve tiered and layered data storage architectures and storage protocols. It will make breakthroughs in technologies such as intelligent tiered storage, data sparsification optimization, and key-value caching, and develop new types of storage products such as high-bandwidth flash, high-bandwidth memory, ferroelectric memory, resistive memory, and magnetoelectric memory. Huatai released a research report stating that in the second quarter, supply in the memory chip industry remained persistently tight, memory product volumes and prices rose together, and MCU product prices also began to rise moderately, jointly driving a sharp year-on-year and quarter-on-quarter increase in the company's single-quarter revenue, with gross margin reaching 66.57%. Looking ahead to 2H26, the industry cycle is expected to continue upward, and the company's niche DRAM/SLC NAND/NOR Flash are expected to continue seeing both volume and price increases, while customized storage projects gradually enter mass production, driving high earnings growth. Maintain "Buy."