Added to YB: 2026-01-06
Pitch date: 2026-01-03
603986.SS [neutral]
GigaDevice Semiconductor Inc.
+6.49%
current return
Author Info
No bio for this author
Company Info
GigaDevice Semiconductor Inc. engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.
Market Cap
CNY 149.3B
Pitch Price
CNY 221.32
Price Target
N/A
Dividend
0.16%
EV/EBITDA
113.08
P/E
105.14
EV/Sales
16.41
Sector
Semiconductors and Semiconductor Equipment
Category
growth
GigaDevice Write-up w/Mgmt Analysis (603986)
603986.SS (overview): China fabless semiconductor with embedded memory (NOR flash, DRAM) & MCUs. Bull case: DDR4 pricing surge as Samsung/SK/Micron exit legacy production, ~75% YoY ASP rise in 2025E; PIM DRAM for AI inference via CXMT partnership targeting commercialization 2027E. Rev growth 25%+ '25-27E, net margin expanding to 27%. Risks: CXMT sanctions, DDR4 normalization, governance/related-party concerns.
Read full article (29 min)