"With the rapid growth of the AI server market, demand from downstream customers continues to pick up, and the semiconductor industry is showing a recovery trend. Among them, the memory chip industry is leading the way, leading the recovery in demand for China's integrated circuits.
Judging from performance changes, in the first quarter of this year, the performance of China's local memory chip industry chain companies increased significantly year-on-year.
Memory interface chip leader Montage Technology expects to achieve operating income of 737 million yuan in the first quarter of 2024, an increase of 75.74% over the same period last year; net profit attributable to shareholders of the parent is 210 million to 240 million yuan, an increase of 9.65 times to 11.17 times over the same period last year. .
Montage Technology stated that the sales revenue of its interconnect chip product line in the first quarter was approximately 695 million yuan, a record high. In addition, some of the company's new products have begun large-scale shipments. The PCIe Retimer chip has been successfully introduced into the AI server procurement projects of mainstream cloud computing/Internet manufacturers. The MRCD/MDB chip server high-bandwidth memory module has begun large-scale trials in mainstream cloud computing/Internet manufacturers."
