On September 4, MONTAGE TECH rose 3.64% in regular trading, trading at 270.0 HKD/share, with turnover of approximately 115 million HKD. The rebound follows several sessions of consecutive declines earlier this week.

On the news front, MONTAGE TECH disclosed on September 3 that it became the first in the industry to commence trial production of CXL 3.2 MXC chips, supporting CXL data rates up to 64GT/s and DDR data rates up to 8000MT/s. The chip has been successfully integrated into next-generation CXL products of Samsung and SK Hynix, two of the world's leading memory module manufacturers. The company noted that the industry expects CXL to enter large-scale commercial deployment by 2027, with major memory makers shifting from in-house development to third-party MXC chip procurement — a trend that opens up significant market opportunities.

Additionally, Citi recently reiterated a Buy rating on the stock and raised its target price from 305 HKD to 425 HKD, citing the company as one of the best AI infrastructure plays in China's semiconductor space. The company also continued its A-share buyback program, having repurchased a cumulative 910,000 shares totaling approximately 183 million RMB as of end-August.

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