GigaDevice Semiconductor is trading 10% down at CNY 340.74 as investors lock in gains following a sharp rally triggered by the company's recently announced A-share buyback plan.
- Broader weakness across the semiconductor sector is adding further downward pressure to the stock.
- The company agreed to extend the operating term of Beijing Yitang Huachuang Equity Investment Center, a move viewed by analysts as structural fund management rather than a primary price driver.