Storage Chip Stocks Plunge as GigaDevice Nears Limit Down and Peers Drop Over 10%

A-share memory sector faces sharp afternoon sell-off with GigaDevice nearing daily limit down and Purain Semiconductor falling over 10%, dragging down major industry peers.

Woofun AI reports that A-share storage chip concept stocks experienced continued weakness during afternoon trading. GigaDevice approached its daily limit down, while Purain Semiconductor declined by more than 10%. Other notable declines included Demingli, Biwin Storage, Shannon Semiconductor, Longsys, and Montage Technology.