Driven by the wave of technology, storage chips and MCU chips are becoming the core driving force of our era. In recent years, with the booming development of emerging fields such as artificial intelligence, the Internet of Things, and automotive electronics, the demand for storage chips and MCU chips has experienced explosive growth. Recently, significant policies from nine departments have injected strong development momentum into this field, ushering the storage chip and MCU chip industry into an unprecedented golden era.
Currently, there are many publicly listed companies in the market related to storage chips and MCU chips, but very few can excel in performance, market share, and valuation.
After careful selection, the following eight core listed companies have emerged, shining like stars in the chip field and leading the direction of industry development.
GigaDevice
As a leading enterprise in domestic storage chips and MCU chips, its strength cannot be underestimated. It is the only platform company in A-shares covering all categories of storage chips including NOR, NAND, and DRAM, ranking among the top three in the global NOR Flash market, with automotive-grade MCUs certified by ASILD. In 2024, it is expected to achieve revenue of 7.349 billion yuan and a net profit of 109 million yuan, a year-on-year increase of 576.43%. Its MCU products are the leaders in the domestic 32-bit MCU market, applied in various fields such as smart homes and the Internet of Things. GigaDevice, with its comprehensive product line and strong technical strength, occupies an important position in both the storage chip and MCU chip markets, with broad prospects for future development.
Lanqi Technology
The king of global memory interface chips, holding 52% of the global market share, with clients including top manufacturers like Samsung and SK Hynix. The company’s net profit attributable to shareholders is expected to grow by 85.5% to 102.36% year-on-year in the 2025 mid-year report. As the only Chinese company participating in the formulation of JEDEC memory standards, its technology patents cover the entire link of memory controllers. In the field of storage chips, Lanqi Technology’s memory interface chips and memory module supporting chips have high technical barriers and market competitiveness. With the rapid development of AI and data centers, Lanqi Technology will continue to benefit from the growth in market demand.
Haoshanghao
A leading distributor of electronic components in China, with long-term agency authorization from globally renowned manufacturers such as Huawei HiSilicon, GigaDevice, and MediaTek. The company’s net profit attributable to shareholders is expected to grow by 42.49% to 78.11% year-on-year in the 2025 mid-year report. The products it distributes cover SoC chips, wireless chips and modules, power and power devices, and memory, holding an important position in the distribution field of storage chips and MCU chips. With the acceleration of semiconductor localization, Haoshanghao will fully benefit from the growth of domestic chip companies.
Meixinsheng
A technology-driven enterprise in the field of high-performance analog and mixed-signal chips, with a net profit attributable to shareholders expected to grow by 131% year-on-year in the 2025 mid-year report. The company’s main products are highly integrated MCU digital control SoC power—wireless charging chips, and analog power—LED lighting driver chips. Meixinsheng has strong technological innovation capabilities in the MCU chip field, and its wireless charging chips have certain competitiveness in the market, with the potential to gain a larger market share in wireless charging and LED lighting fields in the future.
Broadcom Integration
Focusing on the design and development of wireless communication integrated circuit chips, with a net profit attributable to shareholders expected to grow by 141.04% to 153.87% year-on-year in the 2025 mid-year report. The company’s products mainly include independent RF transceivers and wireless microcontrollers integrated with microprocessors (MCUs). Broadcom Integration has rich experience and technical advantages in the application of MCU chips in wireless communication, with its products widely used in ETC, drones, wireless keyboards and mice, etc. With the rapid development of the Internet of Things, Broadcom Integration’s business will welcome new growth opportunities.
Silicon Micro
A well-known semiconductor company in China, with a net profit attributable to shareholders expected to grow by 1042.87% to 1203.36% year-on-year in the 2025 mid-year report, showing astonishing performance growth. The company’s electric control MCU products are widely used in various fields such as industrial frequency converters, industrial UPS, photovoltaic inverters, and textile machinery servo products. Silicon Micro’s market share in the MCU chip field continues to expand, and the cost-effectiveness and stability of its products have been widely recognized by customers, and it will continue to play an important role in industrial control and other fields in the future.
Hengshuo Co., Ltd.
Product layout similar to GigaDevice, involving both NOR Flash and MCU business. In 2024, it is expected to achieve revenue of 372 million yuan, a year-on-year increase of 21.73%. Although the company is currently in a loss state, with the arrival of the storage chip price increase cycle in 2025, its profitability is expected to improve. Hengshuo Co., Ltd. has a relatively low market value, with a PS of about 9.8 times, providing a certain valuation advantage, and its valuation is expected to increase with the improvement of performance in the future.
Guoxin Technology
Focusing on automotive-grade MCU chips and custom chip services, with a year-on-year growth of 71.38% in automotive electronics MCU chip revenue in 2024, its products have entered the supply chains of automotive companies such as BYD, Chery, Geely, and Xpeng, covering key areas such as automotive domain controllers and powertrains. With the trend of electrification and intelligence in automobiles, the market demand for automotive-grade MCU chips continues to grow. As a leader in this field, Guoxin Technology will fully benefit from the industry’s development, with broad prospects for future growth.
The eight listed companies related to storage chips and MCU chips, with outstanding mid-year performance, high market share, and relatively low valuations, demonstrate tremendous development potential. They continuously innovate and break through in their respective fields, making significant contributions to the development of China’s chip industry. It is believed that in the future, with continuous technological advancements and market expansion, these companies will continue to lead the development trend of the storage chip and MCU chip industry, becoming shining stars in the eyes of investors. Let us wait and see and witness their brilliant achievements in the chip field.