On September 9, MONTAGE TECH rose 3.77% in regular trading, trading at 282.2 HKD/share, with turnover of approximately 42.44 million HKD. The stock continued its upward momentum following a 5.39% gain in the prior session.

On the news front, the company recently disclosed that it completed trial production of its CXL 3.2 MXC chip in July and successfully integrated it into next-generation CXL products at Samsung and SK Hynix, with large-scale CXL commercialization expected to begin next year. Additionally, Citi reaffirmed a \"Buy\" rating and raised its target price from 305 HKD to 425 HKD, citing MONTAGE TECH as one of the best AI infrastructure plays in China's semiconductor space. The company was also newly included in the FTSE China 50 Index.

Fundamentally, H1 results showed revenue of 3.335 billion yuan, up 26.7% YoY, with net profit attributable to shareholders reaching 1.997 billion yuan, up 72.3% YoY. Q2 single-quarter net profit surged 81.46% YoY, driven by sustained AI demand fueling interconnect chip business growth. The company also continued its A-share buyback program, having spent approximately 183 million yuan repurchasing 910,000 shares as of end-August.

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