On June 29, GigaDevice (03986.HK) rose 5.63% in regular trading, reaching HKD 1,178.0 per share with turnover of HKD 629 million, hitting a fresh all-time high.

On the news front, reports emerged that Apple intends to procure memory products from ChangXin Memory Technologies (CXMT), with Citibank expressing a bullish outlook on CXMT-related supply chain names. GigaDevice founder Zhu Yiming co-founded CXMT, and the two companies maintain technology, foundry, and investment cooperation ties. Additionally, Roundhill Memory ETF (DRAM) recently added GigaDevice to its holdings at a 2.91% weight, marking early international ETF exposure for China's domestic DRAM ecosystem.

The broader memory chip sector remains in a cyclical upswing, with supply shortages driving significant product price increases and sustaining strong operating performance across the industry. The company had previously disclosed that its A-share stock triggered abnormal trading alerts after cumulative gains exceeded 20% over two consecutive sessions.

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