Latest news with #MontageTechnology
Business Times
10 hours ago
- Business
- Business Times
Montage is said to hire banks for US$1 billion Hong Kong listing
[HONG KONG] Chinese chip designer Montage Technology has hired banks for its planned Hong Kong listing that could raise about US$1 billion, according to sources familiar with the matter. The Shanghai-listed company is working with China International Capital Corporation (CICC), Morgan Stanley and UBS Group on the potential share sale, the sources said, asking not to be identified because the information is not public. Montage Technology said on Friday (Jun 20) that it was planning a Hong Kong listing, without providing further details. Deliberations are ongoing and plans may change, the sources said. A representative for UBS declined to comment. CICC, Morgan Stanley and Montage Technology did not immediately respond to requests seeking comment. Montage Technology listed on Shanghai's Nasdaq-style Star Board in 2019 and has a market capitalisation of about 93 billion yuan (S$16.7 billion). The US has been trying to curb Beijing's ambitions to build a domestic semiconductor industry, initially cutting China off from equipment used to make the most advanced electronic components and gradually broadening the rules. Chinese companies listed on mainland stock markets have been flocking to sell shares in Hong Kong as regulators give such deals their blessing and onshore fundraising remains constrained. The listings form the bulk of Hong Kong's pipeline of first-time share sales and have been a key driver of the resurgence in activity seen in the financial hub. BLOOMBERG
Bloomberg
10 hours ago
- Business
- Bloomberg
Montage Is Said to Hire Banks for $1 Billion Hong Kong Listing
Chinese chip designer Montage Technology Co. has hired banks for its planned Hong Kong listing that could raise about $1 billion, according to people familiar with the matter. The Shanghai-listed company is working with China International Capital Corp., Morgan Stanley and UBS Group AG on the potential share sale, the people said, asking not to be identified because the information isn't public.
South China Morning Post
23-04-2025
- Business
- South China Morning Post
Tech war: Shanghai chip firm doubles quarterly profit as China expands supply chain role
Chinese semiconductor company Montage Technology reported a sharp surge in revenue and profit in the March quarter, following a significant rise a year earlier, in a sign of the country's expanding presence in the memory chip segment. Advertisement The Shanghai -based integrated circuit design firm, which supplies connectors to dynamic random-access memory (DRAM) chips, said in a filing on Wednesday that its first-quarter revenue reached 1.21 billion yuan (US$166 million), up 65.78 per cent year on year. Net profit jumped 135.14 per cent to 525 million yuan from 223 million yuan a year ago. Montage attributed its strong growth last quarter to the artificial intelligence (AI) industry, as demand rose for DDR5 (Double Data Rate 5) DRAM chips used in high-performance computing systems and data centres . Shipments of both its DDR5 and RCD (Register Clock Driver) chips have grown substantially, the company said on Wednesday. Montage is currently one of the world's three main suppliers of DDR5 connector chips, along with Japan's Renesas Electronics and US-based Rambus. Most clients of Montage are from outside China, according to its 2024 annual report. That reflects China's growing presence in the global semiconductor supply chain, despite US tech restrictions Advertisement
