On July 27, the semiconductor supply chain experienced a downturn, with sectors such as memory chips and advanced packaging leading the decline.
The stock price of memory chip leader Gigadevice Semiconductor Inc. (603986) opened lower and quickly dropped to hit the daily down limit in early trading. As of press time, the stock was trading at 413.20 yuan, down 9.58%, with a total market capitalization of 290 billion yuan. Its turnover reached 5.5 billion yuan, temporarily ranking second among all A-shares.
Beyond Gigadevice Semiconductor Inc., other memory chip concept stocks showed mixed performance. As of press time, N-Changxin surged 408.88%, Zhishang Technology (under litigation) hit the daily up limit, while Huahong Hongli fell by more than 10%.