Movement Alert｜GigaDevice Rises 3.26% in Regular Trading, Partnership with Qt Group Boosts MCU Ecosystem Expansion

Market Focus

Jun 24

On June 24, GigaDevice (03986.HK) rose 3.26% in regular trading, trading at 974.5 HKD/share, with turnover of HKD 261 million.

On the news front, GigaDevice recently announced a global partnership with Qt Group, a leading software design and development solutions provider. The collaboration will leverage GigaDevice's GD32H7 high-performance MCU series, focusing on joint optimization of embedded GUI technology solutions. The partnership aims to enhance product competitiveness and foster developer ecosystem growth across smart industrial, energy storage, smart home, and consumer electronics applications.

The rebound comes after the stock experienced a sharp 7.57% pullback on June 23 following a historic rally on June 22 that pushed the H-share price above HKD 1,000 for the first time. The broader semiconductor sector is also showing strength today, with SMIC up 3.47%, Hua Hong Grace up 5.23%, and Montage Technology up 3.97%, providing supportive sector tailwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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