On September 28, MONTAGE TECH fell 3.59% in regular trading, trading at around 286.2 HKD/share, with turnover of approximately 84.79 million HKD. The decline came amid a broad semiconductor sector selloff compounded by a shareholder reduction plan and mounting concerns over a potential storage cycle peak.

The semiconductor sector faced widespread selling pressure, with SMIC down 2.13%, HUA HONG GRACE down 4.17%, GIGADEVICE down 4.35%, BIREN TECH down 5.97%, and ILUVATAR COREX down 5.93%. The bearish sentiment was amplified by prominent short-seller Michael Burry's recent disclosure of a sizable short position on Micron Technology, warning that a cycle reversal could trigger severe sell-offs. Additionally, the company's third-largest shareholder WLT Partners announced plans to reduce its holdings by up to 2.33 million shares, or 0.19% of total share capital, between November and February next year to fund limited partner equity incentive exercises.

Notably, the company announced on the same day that its DDR5 fifth-generation RCD chip (RCD05) had entered mass production, targeting high-performance DDR5 RDIMM memory modules for data centers and AI servers. However, this positive development was insufficient to offset the sector-wide systematic pullback.

(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.)