Giga Device Warns Niche Storage Product Prices Will Fall Significantly as Capacity Increases, Stock Surges 73% in 10 Trading Days

According to BlockBeats, on June 29, Giga Device Semiconductor Manufacturing Limited issued a risk warning predicting that niche storage product prices will experience significant decline as market capacity gradually increases. The company noted that current price levels are historically high and unsustainable; as the niche storage market—which supplies sectors outside mainstream channels like consumer, industrial, networking, and automotive—adds capacity, prices will likely fall considerably, negatively impacting the company's gross margins and profitability.

The company's stock price surged 73.42% over 10 consecutive trading days through June 29, and 125.60% over 30 consecutive trading days through the same date.