SHANGHAI, Jan 19, 2026, 08:23 GMT+8 — Premarket
- GigaDevice’s Class A shares surged to the 10% daily limit in the latest session.
- Trade is being driven by forecasts for memory-chip prices alongside tight supply.
- The focus now shifts to follow-through after the open and the upcoming earnings update.
GigaDevice Semiconductor Inc’s Class A shares on the Shanghai exchange ended Friday at 280.46 yuan, hitting the 10% “limit-up” ceiling—the highest daily gain permitted for many A-shares. Trading volume reached roughly 55.3 million shares. (MarketScreener)
The move is significant as the memory market has returned to the spotlight, with price increases starting to hit end products. According to a report from Sina, Counterpoint Research forecasts memory prices will climb 40%–50% in Q1 and about 20% in Q2. The report highlights some striking examples, like 16GB DDR5 laptop memory jumping from roughly 380 yuan to 1,399 yuan within a few months. (Sina Finance)
“DRAM” refers to the working memory inside PCs and servers, while “NAND” is the flash storage found in phones and solid-state drives. TrendForce reported this month that contract prices for conventional DRAM in the first quarter are set to climb 55%–60% compared to the previous quarter. NAND flash contract prices are also projected to rise, by 33%–38%, as suppliers focus on server and AI-related products. (TrendForce)
Counterpoint’s tracker quantifies the pace of change in the data-center supply chain. It projects prices for 64GB RDIMM server memory modules, which surged in late 2025, to hit $700 by March 2026. (Counterpoint Research)
GigaDevice faces a tough macro backdrop on top of a stock that’s already running hot. The firm makes memory chips like NOR flash, which store the code powering devices, plus microcontrollers and other components used in everything from consumer gadgets to cars and industrial equipment.
GigaDevice’s recent Hong Kong listing has broadened its investor base and kept the stock on traders’ radar. Its H-shares soared 40% on their January 13 debut. Kenny Ng, a strategist at China Everbright Securities International, said this strong start “bodes well” for upcoming China AI and semiconductor deals. (Reuters)
The clear danger is that rising memory prices won’t just boost suppliers—they could also dent demand. TrendForce warns that higher memory costs might push smartphone and notebook makers to hike prices or trim specs, squeezing volumes despite a seemingly healthy pricing cycle. (TrendForce)
Traders are set to track if the stock maintains its gains once Shanghai opens at 9:30 a.m. The bigger question: will the “memory squeeze” story hold steady throughout the week? Changes in pricing talk, signs from major cloud purchasers, or new sector forecasts could quickly move the tape.
GigaDevice’s next major event is its earnings report, scheduled for March 31, 2026, according to Investing.com’s calendar. Investors will be watching closely for updates on pricing, order volumes, and the extent to which the recent memory-cost increase is being passed on to customers. (Investing)
