GigaDevice Semiconductor shares hit the 10% daily limit on the Shanghai Stock Exchange on July 21, 2026. This surge follows a positive memory chip industry cycle and exceptional earnings growth.
The company’s board approved a 500 million yuan capital injection for its wholly-owned subsidiary, Zhuhai Hengqin Xincun Semiconductor Co., Ltd. These funds are sourced from previous A-share fundraising.
The investment will finance a dedicated DRAM chip research, development, and industrialization project.