GigaDevice Semiconductor Inc. (603986.SS) and strategic partner CXMT are expanding in the AI semiconductor sector. Rising demand for high-bandwidth memory (HBM) allows new entrants to capture market share as established producers focus on data center contracts. The Roundhill Memory ETF recently added GigaDevice to its portfolio.
CXMT is preparing an $8.6 billion IPO on the Shanghai STAR Market. This listing is expected to be Asia’s largest of 2026. The firm reported a 719% year-over-year revenue increase in the first quarter of 2026.
CXMT aims to mass-produce HBM3 chips by the end of the year. This production timeline positions the company to compete with global leaders Samsung, SK Hynix, and Micron.