Montage Technology(SH:688008) 智通财经网·2025-07-11 12:26Core Viewpoint - 澜起科技 has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on its position as the largest memory interconnect chip supplier globally, with a projected market share of 36.8% in 2024 [1][3]. Company Overview - 澜起科技 is a leading fabless integrated circuit design company focused on providing innovative, reliable, and high-efficiency interconnect solutions for cloud computing and AI infrastructure [3][4]. - The product portfolio includes memory interface chips and high-performance interconnect chips, addressing interconnect bottlenecks while enhancing data transmission speed, reliability, and energy efficiency [3][4]. Product Lines - The company offers a full range of DDR2 to DDR5 memory interface chips and supporting chips, including Serial Presence Detect (SPD), temperature sensors (TS), and power management integrated circuits (PMIC) [3][4]. - The DDR5 memory interface chips serve as critical interconnect components between CPUs and DRAM modules in servers, enabling stable high-speed data transmission [3][4]. - New interconnect chips such as MRCD/MDB, CKD (clock driver), PCIe Retimer, and CXL MXC (memory expansion controller) are designed to enhance data transmission reliability and efficiency in AI servers and personal computers [3][4]. Market Potential - The memory interconnect chip market is expected to grow significantly from $1.2 billion in 2024 to $5 billion by 2030, with a compound annual growth rate (CAGR) of 27.4% [6]. - The PCIe and CXL interconnect chip market is projected to increase from $2.3 billion in 2024 to $9.5 billion by 2030, with a CAGR of 26.7% [6]. Financial Performance - For the fiscal years 2022, 2023, and projected figures for 2024 and 2025, 澜起科技 reported revenues of approximately RMB 3.67 billion, RMB 2.29 billion, RMB 3.64 billion, and RMB 1.22 billion respectively [6][7]. - The net profit for the same periods was approximately RMB 1.30 billion, RMB 0.45 billion, RMB 1.34 billion, and RMB 0.50 billion respectively [6][7].