Montage Tech's stock soared 5.07% during intraday trading on Tuesday, leading gains among memory-related stocks in the Hong Kong market.
The rally follows reports that Samsung Electronics implemented a 100% DRAM contract price increase in Q1 and is expected to raise Q2 contract prices by another 30% quarter-over-quarter. Samsung has confirmed completing new price negotiations with major global clients by late March, with price increases now fully implemented.
According to market research firm TrendForce, memory prices continue their upward trajectory in Q2, with general-purpose DRAM contract prices projected to rise 58-63% and NAND Flash contract prices expected to increase 70-75% quarter-over-quarter. Industry analysts widely predict the current memory chip shortage could persist through the end of 2027, boosting sentiment for semiconductor stocks like Montage Tech.
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