MONTAGE TECH soared 20.92% during intraday trading on Friday, making a significant move in the semiconductor sector.
The surge was fueled by the company's announcement that it has become the first in the industry to achieve trial production of its CXL 3.2 memory expansion controller (MXC) chip. CXL technology is widely seen as a critical solution for resolving memory bottlenecks, drawing strong interest from data center and AI infrastructure providers. The successful trial production positions MONTAGE TECH to capture a first-mover advantage and reinforce its leadership in memory interface and interconnect chip solutions.
Additionally, the company's active share buyback program, which recently repurchased 705,000 shares for approximately 144 million yuan, signaled management confidence and further supported the stock's rally. The broader semiconductor storage sector also surged, with several peers posting double-digit gains.
Comments