GigaDevice(兆易创新)

Fast facts

Year Founded
2005
HQ Location
Beijing, China
Publicly Traded?
Yes
Overseas Operations
Yes
US Sanctions
No
Military Affiliation in China
No

Revenue

USD 706.5 M
*Revenue was reported in RMB and converted using the exchange rate on January 12, 2022.

Valuation

USD 13.0 B
*Valuation is reported as market capitalization. It was converted from RMB using the exchange rate from June 26, 2022 13:50:03.

Employees

1,129

GigaDevice, founded in Silicon Valley in 2005, is a leading fabless semiconductor company. Committed to building a complete ecosystem with three major product lines—Flash memory, MCU and sensor—as the core driving force, GigaDevice can provide solutions for a broad set of applications in the fields of industrial, automotive, computing, consumer electronics, IoT, mobile, networking and communications.

GigaDevice is among the companies that pioneered SPI NOR Flash memory and is currently ranked number three in the world in this market segment. In addition, GigaDevice delivers touchscreen controller sensor and fingerprint sensor to world-renowned mobile makers around the globe, with its touchscreen controller sensor ranked No. 4, and the optical fingerprint sensor ranked No. 3 in the world.

  • Zhū Yīmíng (朱一明), Chairman
  • Shū Qīngmíng (舒清明), Vice Chairman
  • Hé Wèi (何卫), Director
  • Chéng Tàiyì (程泰毅), Director
  • Zhāng Shuài (张帅), Director
  • Wáng Zhìwěi (王志伟), Director
  • Qián Hè (钱鹤), Independent Director
  • Liáng Shàngshàng (梁上上), Independent Director
  • Zhāng Kèdōng(张克东), Independent Director

GigaDevice has branches and offices in Beijing, Shanghai, Shenzhen, Hefei, Xi'an, Chengdu, Suzhou, Hong Kong and Taiwan in China, as well as in the United States, South Korea, Japan, the United Kingdom, Germany, Singapore and other countries and regions. Its marketing network spreads all over the world. In 2020, 78.6% of revenue comes from the overseas market.

GigaDevice Sanctions

While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.

GigaDevice Reputational Disclosures

Zhū Yīmíng’s reduction of GigaDevice’s stock has caused a lot of controversy among investors. In the investor meeting, the company and the chairman were repeatedly questioned whether the frequent reduction of holdings indicated a loss of confidence in the company.