Recent trends in lower precision, e.g. half-precision floating point, training have shown improved system performance and reduced memory usage for Deep Learning while maintaining accuracy. However, current GNN systems cannot achieve such goals for GNN, as our analyses show that they massively underperform while showing abnormal accuracy when using half-precision. These systems suffer from under-utilization of hardware resources, poor training performance, and value overflow issues due to lowered precision. To mitigate this, we introduce HalfGNN, a half-precision based GNN system. HalfGNN proposes novel techniques: new vector operations for half-precision data types that improve data load and reduction performance, and discretized SpMM that overcomes the value overflow and natively provides workload balancing. Such techniques improve hardware utilization, reduce memory usage, and remove atomic writes. Evaluations show that HalfGNN achieves on average of 2.30× speedup in training time over DGL (float-based) for GAT, GCN, and GIN respectively while achieving similar accuracy, and saving 2.67× memory.