SHANGHAI, Jan 19, 2026, 08:23 GMT+8 — Premarket
- GigaDevice’s Class A shares jumped, hitting the 10% daily trading limit in the most recent session.
- Trading is reacting to forecasts for memory-chip prices and the ongoing tight supply.
- Attention turns to whether momentum holds after the open and the next earnings report.
GigaDevice Semiconductor Inc’s Class A shares on the Shanghai exchange closed Friday at 280.46 yuan, reaching the 10% “limit-up” ceiling—the maximum daily gain allowed for many A-shares. Trading volume hit about 55.3 million shares. 1
The memory market is back in the spotlight as price hikes start to hit end products. A report from Sina cites Counterpoint Research predicting a 40%–50% surge in memory prices during Q1, followed by around a 20% rise in Q2. The report points to dramatic shifts, such as 16GB DDR5 laptop memory surging from about 380 yuan to 1,399 yuan in just a few months. 2
“DRAM” is the working memory inside PCs and servers, while “NAND” refers to the flash storage used in phones and solid-state drives. TrendForce reported this month that contract prices for conventional DRAM are expected to jump 55%–60% in the first quarter compared to the previous one. NAND flash prices are also on the rise, forecasted to increase 33%–38%, driven by demand for server and AI-related products. 3
Counterpoint’s tracker measures shifts in the data-center supply chain and forecasts the price for 64GB RDIMM server memory modules, which spiked in late 2025, reaching $700 by March 2026. 4
GigaDevice is up against a challenging macro environment, adding pressure to a stock that’s already heated. The company produces memory chips such as NOR flash, which hold the code that powers devices, along with microcontrollers and other parts found in everything from consumer electronics to cars and industrial machines.
GigaDevice’s recent debut in Hong Kong has expanded its investor reach and kept the stock buzzing. Its H-shares jumped 40% on January 13, the day they first hit the market. Kenny Ng, strategist at China Everbright Securities International, called the strong showing a positive sign for upcoming China AI and semiconductor deals. 5
The real risk is that climbing memory prices won’t only benefit suppliers—they could also hurt demand. TrendForce cautions that as memory costs rise, smartphone and notebook makers may respond by raising prices or cutting specs, which could dampen sales volumes despite what looks like a robust pricing cycle. 6
Traders will watch closely to see if the stock holds onto its gains when Shanghai opens at 9:30 a.m. The bigger question: can the “memory squeeze” narrative sustain itself this week? Shifts in pricing chatter, signals from key cloud buyers, or fresh sector forecasts could send the tape spinning fast.
GigaDevice is set to release its earnings report on March 31, 2026, per Investing.com’s calendar. Investors are keen to see how pricing and order volumes have shifted, especially in light of the recent jump in memory costs and whether those hikes are being passed to buyers. 7
