Montage Technology's stock plummeted 12.33% during intraday trading on Thursday, reflecting significant downward pressure on the semiconductor company.

The sharp decline follows a substantial selloff in the stock's A-share counterpart, which saw main capital net outflow of 1.295 billion yuan and super-large order net outflow of 1.259 billion yuan. Additionally, two block trades totaling 369 million yuan were executed at a discount to market price, signaling clear institutional position reduction. JPMorgan also reduced its holdings by approximately 127,200 shares earlier this month.

The broader semiconductor sector remains under pressure, with peers like SMIC, HUA HONG GRACE, GIGADEVICE, and ILUVATAR COREX also experiencing declines, contributing to the overall negative sentiment surrounding Montage Technology.