On July 22, Montage Technology rose 3.88% in regular trading, trading at HK$322.6/share with turnover of HK$471 million, extending the prior session's 15.62% surge.

On the news front, the company disclosed during an investor research session on July 21 that it is developing an Ethernet PHY Retimer chip for AI server-to-switch high-speed interconnections, with engineering samples expected to tape out this year. The company also noted that DDR6 memory modules will require more and more complex memory interconnect chips, pointing to further market expansion. Additionally, Citi reiterated its \"Buy\" rating with a HK$305 target price, citing strong fundamentals and noting the Korean antitrust investigation poses limited substantive risk. CLSA maintained its \"High-Conviction Outperform\" rating with a HK$454.2 target. The company previously disclosed H1 net profit growth of 63.9% to 81.2% year-on-year, significantly beating market expectations, alongside a proposed A-share buyback of up to 600 million yuan.

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