GigaDevice Semiconductor is trading 10% down at CNY 390.63 as investors sell off semiconductor names amid mounting AI spending concerns and competitive pressure from Chinese chipmakers.
- The decline follows a broader global semiconductor slump as markets reassess the sustainability of high AI-related capital expenditures.
- Domestic competition worries have intensified following the strong market debut of rival CXMT, which has put additional pressure on China's memory and chip sector.