On October 7, GIGADEVICE fell 3.12% in regular trading, trading at HK$427.0/share, with Turnover of HK$9.8363 million. The stock extended recent adjustment pressure across the semiconductor and storage sector.

The decline follows mounting market concerns that the storage cycle may be nearing a peak, even as the company recently raised its related-party transaction quota with Changxin Group. While the quota increase signals growing demand for DRAM foundry services, it has not been enough to offset broader sector weakness. Shares of Montage Tech fell 2.64%, Biren Tech fell 2.64%, Innoscience fell 2.38%, Hua Hong Grace fell 1.48%, and SMIC fell 1.06%, dragging GIGADEVICE lower alongside the broader semiconductor complex.

GIGADEVICE is a China-based integrated circuit design company whose products include non-volatile memory chips, niche DRAM, microcontrollers, analog chips, and sensor chips, serving consumer electronics, automotive, industrial, PC and server, IoT, and networking markets.

(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.)