On August 12, GIGADEVICE rose 3.47% in regular trading, trading at HKD 503.5/share, with turnover of HKD 273 million.
On the news front, JPMorgan released its latest research indicating that the current storage upcycle may persist through the end of 2028, far exceeding the duration of typical storage cycles over the past two decades. The firm projects global DRAM bit demand to grow approximately 30%, 31%, and 25% over the next three years, while supply growth is estimated at only 26.5%, 24.4%, and 24.8% respectively, suggesting a widening supply-demand gap.
Additionally, GIGADEVICE recently announced its wholly-owned subsidiary will invest USD 100 million to subscribe for a 25% interest in Yunfeng Investment V, L.P., a USD 400 million fund focused on technology companies with Asia expansion potential, aiming to strengthen the company's global strategic positioning. The company is scheduled to review its interim results on August 18.
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