GigaDevice reports FY24 earnings surge, plans dividend, expands partnerships

Gigadevice Semiconductor (SSE:603986) reported a substantial increase in financial performance for FY24, with revenue reaching CNY7.356 billion, a 27.69% increase compared to the previous year, due to strong market demand in its core segments, prompting plans for a CNY225.133 million cash dividend. The company highlights successful advancements into areas like industrial, automotive, and digital power, with notable shipments of its DRAM, NOR flash and MCU product lines.