HK Stock Market Move | Montage Technology (06809) rose more than 10% as the storage industry continues to grow. The company's PCle Retimer product has entered the mass production phase.

Montage Technology (06809) rose more than 10%, as of the time of writing, it increased by 10.78% to HK$419.2, with a turnover of HK$17.09 billion. On the news front, according to TrendForce's prediction, the development of AI is gradually shifting from AI training to AI reasoning, continuously driving the growth of semiconductor storage demand. Due to the short-term industry supply gap, storage prices have risen. It is expected that the global semiconductor storage market size will increase to $1.28 trillion in 2027, a year-on-year increase of +44%. Ping An Securities stated that currently overseas CSPs are continuously increasing their investments in AI infrastructure construction, continuously boosting enterprise storage demand, and driving the continuous growth of the storage industry. Mainstream storage products are experiencing a simultaneous increase in quantity and price. Considering the continuous high prosperity of AI, the intensity and sustainability of this storage cycle are expected to exceed the previous one. Zheshang believes that as a leader in the memory interconnect chip market, Montage Technology is transitioning from a memory interconnect leader to a platform-type interconnect chip company. In the background of the AI era, the company has formed a rich product matrix with its long-term focus on key high-speed interconnect chip technology between computing power and storage, and occupies a leading position in the global market. In the traditional memory interconnect main business, the iteration of DDR5/MRDIMM has driven the simultaneous increase in quantity and price, and in Q1 of 2026, the company achieved significant growth in revenue and net profit. The PCle Retimer product has entered the volume stage, and the company is extending towards the higher value and quantity PCle Switch field along the same path, with the potential to open up new growth space.