GigaDevice Semiconductor Inc. (Ticker: 3986 HK) is a leading China-based fabless integrated circuit (IC) design house specializing in a diverse range of memory, ARM/RISC-V microcontroller (MCU), and sensor solutions. The company operates a "Sense, Memory, Compute, Control and Connectivity" ecosystem, providing Flash memory (NOR and SLC NAND), niche DRAM, analog chips, and fingerprint sensors. These products are utilized across various sectors, including automotive, industrial automation, energy storage, and consumer electronics. According to Frost & Sullivan, GigaDevice held significant market positions in 2024, ranking second globally in NOR Flash with an 18.5% market share and eighth globally in the MCU market.

GigaDevice plans to list on the Hong Kong Exchange on January 13, 2026. The company intends to offer approximately 28.92 million shares within a price range of HKD 132.00 to HKD 162.00 per share. This offering aims to raise up to HKD 4.68 billion (approximately USD 601.75 million). At the upper end of the price range, the company's implied market capitalization would be approximately HKD 112.88 billion (approx. USD 14.5 billion). Reportedly, the company plans to allocate the IPO proceeds toward research and development, product capacity expansion, brand promotion, and strategic acquisitions. The listing is sponsored by CICC and Huatai Financial Holdings.