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Montage Technology Realizes YoY Revenue Increase of 23.93% in 1H 2020
COVID-19 and China
Image credit: Montage website

Montage (688008:SH), a memory interface chips supplier, posted its 1H 2020 financial report on August 14, 2020.

During this period, the company earned CNY 1.09 billion revenues, year-on-year growth of 23.93%, and the net profit was CNY 601.52 million, up by 33.43% compared to the first half of last year. R&D investment accounted for 15.08% of the company's revenues.

Almost 100% of revenues in the last two years came from memory interface chips sales, and Montage will realize R&D for the first generation of mass-produced DDR5 RCD and DB chips in the second half of this year.

To mitigate the single business risk, the company launched the Jintide server platform, consisting of CPU and Montage's hybrid security memory module in 2017. On August 14, the chip supplier released the second generation of Jintide CPU.

 

*Contributor: Ivan Platonov | Editor: Luke Sheehan
https://equalocean.com/analysis/2020081514536

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