GigaDevice(SH:603986) Zhi Tong Cai Jing·2026-01-21 02:13Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of兆易创新, which increased over 10% to reach a new high of 343.8 HKD, reflecting strong market performance and investor interest [1] - The overnight surge in the U.S. stock market, particularly with SanDisk rising over 9%, indicates a positive sentiment in the semiconductor sector, which may influence related companies like 兆易创新 [1] - Micron's statement regarding the slow expansion of wafer fabs and complex customer certification processes suggests that the current shortage of memory chips is unlikely to ease before 2028, impacting supply dynamics in the industry [1] Group 2 - Morgan Stanley's report indicates that major companies are optimistic about DDR4 procurement, with potential price increases of up to 50% in Q1 2026 due to supply constraints, which may continue into Q2 [1] - The shift in production capacity towards DDR4 has resulted in a severe shortage of high-density DDR3, benefiting related suppliers and enhancing their performance [1] - According to public data, 兆易创新 holds the largest market share in NOR Flash and SLC NAND Flash products in mainland China for 2024, and ranks second in the niche DRAM market share [1] Group 3 - Everbright Securities previously reported that 兆易创新 is a leading domestic player in niche storage, poised to benefit from the upward cycle in storage demand, which is expected to enhance both volume and pricing [1] - The company's diverse product portfolio is anticipated to further open up incremental growth opportunities in the market [1]