Shares of China’s GigaDevice Semiconductor soared almost 40% in their Hong Kong trading debut on Tuesday, energising markets as investors cheered the firm’s strong earnings performance and Beijing’s broader push for semiconductor self-sufficiency amid U.S.–China tech tensions. The integrated circuit design company raised HK$4.68 billion (about $600 million) in its second listing, drawing robust demand from institutional and retail investors alike.

The listing comes amid broader global trends of increased investment in semiconductor supply chain resilience following geopolitical uncertainty and trade restrictions. Investors have been seeking exposure to companies that can navigate regulatory environments and maintain competitive edges.

Hong Kong’s stock exchange has emerged as a key venue for Asian tech IPOs, with participation from a mix of local and international funds. The success of the GigaDevice debut adds momentum to the region’s equity markets after a holiday lull.

Market watchers believe that sustained investor interest in semiconductor and technology stocks will hinge on corporate earnings outlooks and policy clarity, which could reinforce sector leadership in the coming quarters.

Overall, GigaDevice’s strong showing highlights the continuing importance of technology and innovation to investor strategies in early 2026.

Source: Reuters