GigaDevice Semiconductor · 兆易创新科技集团股份有限公司

Fabless

Founded 2005; one of the largest NOR flash and MCU suppliers globally, representing the mass-market, lower-complexity end of China’s fabless sector rather …
Published

October 11, 2026

Chinese name: 兆易创新科技集团股份有限公司 (Zhàoyì Chuàngxīn Kējì Jítuán Gǔfèn Yǒuxiàn Gōngsī)

TipWhy This Matters

Founded 2005; one of the largest NOR flash and MCU suppliers globally, representing the mass-market, lower-complexity end of China’s fabless sector rather than the leading-edge/AI segment most export-control coverage focuses on. It has gone dual-listed (H shares on HKEX since 13 January 2026, 03986.HK, ~HK$4.61bn net) and is a listed proxy on China’s memory champion: it holds ~1.80% of CXMT/长鑫科技, which IPO’d on the STAR Market on 27 July 2026 in the largest STAR listing ever (¥57.92 billion raised, day-one market cap >¥3 trillion) — though, per the interim report, that stake is carried as 其他权益工具投资, so its revaluation flows to equity, not to P&L. The 2026 global memory supply crunch (AI-driven DRAM/NAND demand tightening prices across the board) lifted GigaDevice’s pricing power sharply: H1 2026 revenue of ¥11.57 billion (+178.7% YoY) and net profit of ¥6.86 billion (+1,091.5% YoY, incl. ¥2.23bn fair-value gains on listed securities other than CXMT), per the interim report of 18 August 2026. Management’s 1 September briefing guided H2 DRAM up ‘moderately’, expects 2027 tightness not to ease, and SLC NAND strength to run at least through 2027; the CXMT foundry-related procurement cap was raised again on 29 September to ¥7.85 billion for 2026 (¥4.41 billion pre-estimated for Jan–Apr 2027).

What does this firm design?

NOR flash memory chips, general-purpose microcontrollers, and sensors for consumer electronics, industrial, and automotive applications.

Key Facts

Category Fabless
Founded 2005
Location Beijing, Beijing Municipality
Product Focus NOR flash memory, microcontrollers (MCUs), sensors
Node Sophistication Mature nodes typical of flash memory and MCU products
Entity List No
Last Verified Newest source dated 18 Aug 2026 (5 sources)

Design Score

4/5

Sources

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