[Memory Chip Stocks Hit by Wave of Limit-Downs; GigaDevice Responds: This Round of Price Adjustment Strongly Correlated with External Markets]

Published: Jul 13, 2026 16:39

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GigaDevice, the "storage king," hit its daily price limit down. At the close, the stock was reported at CNY 550.8 per share, having fallen over 30% since June 30, with a total market capitalization of CNY 386.4 billion. Notably, on the same day, the storage chip sector to which GigaDevice belongs also plunged collectively. At the close, Shannon Semi hit its 20% daily price limit down, and many popular stocks such as Wuxi Taiji Industry, Demingli, and Shenzhen Kaifa Technology hit their 10% daily price limit down. In response, a GigaDevice representative stated that this round of stock price adjustment has a strong correlation with external market movements, "The magnitude of our company's current stock price decline is similar to that of SK Hynix; basically both are down over 30% now. We are all in the storage business, and the upward trends were also similar before." Regarding market concerns about the company's business, the representative noted, "The earnings forecast is the most convincing proof of our performance.

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