On September 30, GIGADEVICE fell 3.05% in regular trading, trading at 451.6 HKD/share, with turnover of approximately HKD 164 million. The decline came amid broad-based weakness across the semiconductor sector.

On the news front, the storage chip sector continued to face selling pressure. Renowned investor Michael Burry publicly disclosed a significant expansion of his short positions against the semiconductor sector, warning that the recovery of conventional DRAM production capacity, combined with new global supply coming online, would gradually narrow the supply-demand gap and exert downward pressure on memory prices. Additionally, Acer CEO Jason Chen cautioned that rising mainland China memory chip output could eventually ease supply constraints and weigh on pricing, with effects becoming more pronounced around late next year.

Although GIGADEVICE recently announced a substantial increase in its related-party transaction quota with ChangXin Group to RMB 7.854 billion for DRAM procurement and fabrication — reflecting strong volume growth prospects for its DRAM business — industry-level supply expansion expectations continue to weigh on near-term valuations. The broader semiconductor sector declined in tandem, with SMIC down 0.49%, HUA HONG GRACE down 0.94%, ILUVATAR COREX down 5.37%, MONTAGE TECH down 3.88%, and BIREN TECH down 2.78%.

(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.)