Movement Alert|GIGADEVICE Rises 3.88% in Regular Trading, ChangXin Technologys 34.9 Billion Yuan Expansion and Raised DRAM Transaction Quota Boost Sentiment

Market Focus
Sep 29

On September 29, GIGADEVICE rose 3.88% in regular trading, trading at 466.2 HKD/share, with turnover of HK$392 million, rebounding from the prior sessions sharp selloff.

On the news front, ChangXin Technology announced two major investment projects totaling approximately 34.9 billion yuan, including a 24.1 billion yuan technology R&D initiative and a 10.8 billion yuan back-end testing base phase II, with its fifth-generation DRAM process platform now in mass production. On the same day, GIGADEVICE disclosed a significant upward revision to its related-party transaction quota with ChangXin Group, raising the estimated DRAM procurement and foundry amount from 5.711 billion yuan to 7.854 billion yuan for the full year, and projecting a further 4.411 billion yuan for January to April next year alone. The revision was driven by rising DRAM market prices and continued volume ramp of niche DRAM products.

Within the Semiconductors sector, MONTAGE TECH rose 4.56%, BIREN TECH rose 6.34%, ILUVATAR COREX rose 8.34%, HUA HONG GRACE rose 2.47%, and SMIC rose 0.25%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10