SHANGHAI FUDAN (01385) rose more than 8% in the afternoon session, gaining 7.7% to HK$45.34 by the time of writing, with a turnover of HK$335 million.

The catalyst behind the rally stems from comments by Cameron Crandall, SSD Business Manager at Kingston Data Center, who stated on "The Full Nerd Network" podcast that NAND flash shortages will worsen significantly over the next 30 days, driving further SSD price increases.

Everbright Securities research highlights robust demand in the storage and high-reliability sectors. The company’s non-volatile memory business benefits from rising storage prices, with sustained improvements expected in pricing, demand, and profitability. Its smart meter segment, bolstered by competitive advantages and shipment growth, is poised to accelerate automotive-grade MCU deliveries in areas like vehicle body control.

Additionally, First Shanghai’s recent report notes that SHANGHAI FUDAN’s 28nm FPGA products, launched six years ago after successful R&D in 2018, are expected to be complemented by next-generation 1xnm FinFET FPGA products by 2026, further expanding market share. The company’s programmable system-on-chip (PSoC) products, based on 1xnm FinFET technology, are widely adopted in high-reliability and industrial control applications, currently contributing 25% of FPGA revenue.

For fiscal 2025, FPGA revenue is projected to grow 38.6% year-on-year to RMB 1.47 billion.