New Stock News | Montage Technology (688008.SH) plans to list in Hong Kong or raise nearly HK$8 billion.

On the evening of June 20, Montage Technology (688008.SH) announced that it plans to issue H-shares for overseas listing and list on the Hong Kong Stock Exchange. Informed sources say that Montage Technology is working with CICC, Morgan Stanley, and UBS on its Hong Kong listing plan, expecting to raise about $1 billion (approximately HK$7.8 billion). Discussions are still ongoing and the listing plan may change. UBS declined to comment on the matter, while CICC, Morgan Stanley, and Montage Technology have not responded yet. Montage Technology is a company specializing in data processing and interconnect chip design, dedicated to providing high-performance, low-power chip solutions for the cloud computing and artificial intelligence fields. Currently, the company has two main product lines, including interconnect chips and the Jida server platform. The company's interconnect chip products mainly include memory interface chips (including MRCD/MDB chips, CKD chips), memory module support chips, PCIe Retimer chips, MXC chips, clock chips, etc. The Jida server platform products mainly include Jida CPU, data protection and trusted computing acceleration chips, and Hybrid Secure DIMM (HSDIMM) modules. In terms of performance, in 2024, Montage Technology achieved operating income of 3.639 billion yuan, a year-on-year increase of 59.2%; net profit was 1.412 billion yuan, a year-on-year increase of 213.1%. In the first quarter of 2025, Montage Technology achieved operating income of 1.222 billion yuan, a year-on-year increase of 65.78%; net profit was 525 million yuan, a year-on-year increase of 135.14%.