Asia
GigaDevice Semiconductor Shares Swing More Than 20% for Three Straight Days
GigaDevice Semiconductor's (SHA:603986) stock price fluctuated more than 20% over three consecutive trading days, according to an abnormal trading fluctuation announcement filed with the Shanghai bourse on Friday.The company noted that controlling shareholder Zhu Yiming and the concerted party, Hong Kong Winford, reduced their combined shareholding to 7.0% from 7.9%.While the company is also in an upward cycle in the memory chip business, driven by rising prices due to supply shortages, the industry has also shown significant cyclical fluctuations, according to GigaDevice.
SHA:603986
