Shares of Gigadevice (Stock Code: 03986) rose over 8% during the trading session. At the time of writing, the stock is up 3.60%, trading at HKD 762.50, with a turnover of HKD 1.386 billion.

Recent research from TrendForce indicates that as global major manufacturers shift production capacity towards high-value-added products like HBM and high-layer-count 3D NAND, the mature process capacity for products such as NOR Flash and SLC NAND continues to be squeezed. It is projected that by the first half of 2026, the cumulative price increases for these two product categories will exceed 100% and 130%-150%, respectively. It is reported that Gigadevice is a leading domestic NOR Flash design company, holding the second-largest global market share. The company is actively diversifying its product portfolio, with operations spanning NOR Flash, SLC NAND Flash, niche DRAM, MCUs, analog chips, and sensor chips.

Central China Securities believes the company is a leading domestic player in niche memory and MCUs. With the memory cycle continuing its upward trajectory, the company's niche DRAM, SLC NAND, and NOR Flash products are all experiencing simultaneous growth in both volume and price. Gigadevice is actively developing customized storage solutions and has made successful progress in expanding its customer base across multiple sectors, with revenue contributions expected by 2026. The company is also continuously enriching its MCU product lineup, deepening its presence in quality consumer and industrial markets, and persistently enhancing the technological capabilities of its MCU offerings.