GigaDevice's automotive-grade chip market share is high, with clear future growth targets

According to news on October 30, investors have questioned GigaDevice's automotive-grade chip market share and future growth targets. In response, GigaDevice said that its automotive-grade NOR Flash products have achieved cumulative shipments of 100 million units in 2023, and this year the company's Flash shipments in the automotive field have achieved a year-on-year increase. In addition, the company's automotive-grade MCU products have achieved more than 2 million units shipped in 13 OEMs and 25 body applications.