GigaDevice Semiconductor is trading at CNY 355.01, down 3.42%, amid broader pressure on Chinese chipmakers following reports Beijing may allow local firms to buy Nvidia chips, raising competition concerns for domestic suppliers.
- Reporting described a broader sector reaction, including GigaDevice, but did not identify a new company-specific announcement on September 30 as the cause.
- Separately, the company repurchased 390,000 shares on September 29.