Gate News message, April 28 — Chinese chipmaker Montage Technology reported first-quarter net profit of 847.4 million yuan (approximately $124 million), a 61% year-on-year increase that beat analyst expectations of 706.3 million yuan ($103 million) and marked the company’s highest quarterly earnings on record.
The strong result was driven by surging shipments of DDR5 Registering Clock Driver (RCD) chips used in AI infrastructure, with third- and fourth-generation products contributing significantly to sales. Gross margin expanded to 69.8%, reflecting improved product mix and pricing.
Montage’s Hong Kong-listed shares have climbed 142% since the company’s February IPO, benefiting from rising demand for AI hardware in China. The chipmaker ranks as the world’s largest memory interconnect chip supplier by revenue and also holds the second position globally in PCIe 5.0 and PCIe 4.0 retimers, with growing exposure to the emerging Compute Express Link (CXL) memory market.
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