Gigadevice (03986) saw its shares surge more than 8% against the broader market trend. At the time of writing, the stock was up 8.61%, trading at HK$37.54, with a turnover of HK$199 million. The movement follows an announcement made by the company on March 3rd. In order to seize opportunities in the integrated circuit industry and expand its strategic presence in cutting-edge technologies through collaboration with professional investment institutions, Gigadevice plans to invest 400 million yuan of its own capital as a limited partner in the Shanghai Shixi Giga Intelligence Chip Venture Capital Partnership. The fund, initiated by Beijing Shixi Qingliu Private Fund Management Co., Ltd., will primarily invest in unlisted companies within the integrated circuit sector and related industries. At least 70% of the fund's total committed capital will be allocated to investments in the integrated circuit field, targeting early-stage, small and medium-sized, and high-tech enterprises. The total committed capital of the fund is 1.546 billion yuan, with Gigadevice's planned investment of 400 million yuan representing approximately 25.87% of the total. The fund is still in the fundraising stage, and final figures may vary based on the actual amount raised. Gigadevice intends to sign the partnership agreement and related legal documents with the general partner and other fund partners regarding this investment.