Caitong Securities research reports pointed out that Gigadevice Semiconductor Inc. (603986.SH) various product lines have improved margins, with edge-side AI leading high-capacity demand. As the server and mobile phone markets recover, industry giants will shift some of their production capacity to HBM and DDR5, bringing about an increase in the value of their wafers, which will spill over into small-capacity and niche storage products after 1-2 quarters of price transmission. By Q1 2024, there has been a mild increase in niche DRAM prices and a mild upward trend in SLC NAND prices. The company plans to use its own funds of 1.5 billion yuan to participate in the next round of financing of Changxin Technology, which will help deepen the strategic cooperation between the two parties, increase DRAM market share, and further open up market space. The rating is maintained as "shareholding".
研报掘金丨财通证券：维持兆易创新“增持”评级，端侧AI引领容量高需求
Research Reports | Caitong Securities: Maintains Shareholding Rating for Gigadevice Semiconductor Inc., End-Side AI Leads High-Demand Capacity.
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