On October 13, MONTAGE TECH declined 4.63% in regular trading, trading at HK$242.6/share, with Turnover of HK$74.49 million.

The decline was driven by continued weakness in the storage sector. TrendForce research indicates that although DRAM supply remains tight in the fourth quarter, the pace of contract price increases has clearly slowed. Widespread market concerns exist that continued capacity expansion by storage manufacturers will suppress chip prices. Additionally, Samsung Electronics' preliminary third-quarter results fell short of expectations, with both sales and operating profit below market estimates, further intensifying cautious sentiment in the storage segment.

Within the Semiconductor sector where MONTAGE TECH belongs, SMIC fell 2.14%, HUA HONG GRACE fell 3.95%, GIGADEVICE fell 4.10%, ILUVATAR COREX fell 3.98%, and BIREN TECH fell 4.62%.

MONTAGE TECH is a Chinese company focused on providing interconnect chip solutions for cloud computing and AI infrastructure. Its product lines include memory interface chips, memory module companion chips, PCIe/CXL interconnect chips, and clock chips.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)