GigaDevice Shares Soar 54% on Hong Kong Debut Amid AI Chip Demand

• Chinese semiconductor company GigaDevice Semiconductor Inc. saw its shares surge 54% to HK$248.80 on its Hong Kong stock market debut.
• The company raised HK$4.68 billion (US$600 million) through its IPO, priced at HK$162 per share, with the issue oversubscribed 542 times.
• GigaDevice's listing coincides with rising memory chip prices and increased global demand for AI chips.
• The Beijing-based firm specializes in "niche memory chips" and is the world's second-largest supplier of NOR flash memory for automotive, industrial automation, and networking.
• The Hong Kong listing price was at a 45% discount to its China A-share price, and the company reported a 14% profit increase in H1 2025 to 588 million yuan.

Why It Matters: GigaDevice's strong Hong Kong debut highlights investor confidence in the booming AI chip market.