---
title: "Hong Kong stock movement: MONTAGE TECH rises 15.11%, driven by the dual forces of the AI boom and storage demand, causing the stock price to soar"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286212547.md"
description: "MONTAGE TECH rose 15.11%; Semiconductor Manufacturing International Corporation fell 2.87%, with a transaction volume of HKD 5.705 billion; Hua Hong Semiconductor fell 0.15%, with a transaction volume of HKD 3.364 billion; Innovent Biologics rose 18.62%, with a transaction volume of HKD 2.879 billion; GigaDevice Semiconductor rose 4.36%, with a market value of HKD 369.5 billion"
datetime: "2026-05-13T07:07:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286212547.md)
  - [en](https://longbridge.com/en/news/286212547.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286212547.md)
---

# Hong Kong stock movement: MONTAGE TECH rises 15.11%, driven by the dual forces of the AI boom and storage demand, causing the stock price to soar

**Hong Kong Stock Movement**

MONTAGE TECH rose by 15.11%. Based on recent key news:

1.  On May 11, storage concept stocks were driven by the AI boom, and MONTAGE TECH's stock price increased. The global demand for storage chips is strong, and as a supplier of storage chips, MONTAGE TECH significantly benefited, with its stock price rising by 14.75%. Source: Zhitong Finance
    
2.  On May 11, MONTAGE TECH's growth prospects are closely related to AI computing demand. Its memory interface chips help AI computers accelerate data transmission, benefiting from increased global AI capital expenditure, leading to a rise in stock price. Source: WSJ
    
3.  On May 11, the sustained high profit expectations in the storage semiconductor industry drove MONTAGE TECH's stock price up. Goldman Sachs analysts pointed out that the market misjudged the sustainability of profits, and the upward trend in storage chip prices continues. Source: Zhitong Finance. The demand in the storage industry is strong, and prices continue to rise.
    

**Stocks with High Trading Volume in the Industry**

SMIC fell by 2.87%. Based on recent key news:

1.  On May 12, SMIC will announce its financial report this Thursday, with the market expecting a 19% growth in net profit for the first quarter, but investors are concerned about whether the expansion of advanced processes and the localization of AI chips can bring subsequent order momentum. The stock price fell as a result.
    
2.  On May 11, SMIC's restructuring plan to acquire 49% equity of SMIC North was approved by the Shanghai Stock Exchange, with a transaction amount of approximately RMB 40.6 billion. This transaction will significantly enhance SMIC's profitability, but the market is skeptical about the effectiveness of the integration, leading to stock price fluctuations.
    
3.  On May 11, the Hong Kong stock market showed a strong wait-and-see atmosphere, with poor performance in tech stocks dragging down the overall market, affecting SMIC's stock price. The integration in the semiconductor industry is accelerating, with attention on policy changes.
    

Huahong Semiconductor fell by 0.15%. Based on recent key news:

1.  On May 12, Huahong Semiconductor announced that Ms. Li Ruixia resigned as the company secretary and authorized representative, with Ms. He Jiaming taking over. This personnel change may raise market concerns about the company's governance structure, leading to stock price fluctuations.
    
2.  On May 12, Huahong Semiconductor's board of directors resolved to appoint Lin Junyi as Executive Vice President. Lin Junyi has extensive experience in the semiconductor industry, and this appointment may have a positive impact on the company's future operations, but the market reaction in the short term is uncertain.
    
3.  On May 11, Huahong Semiconductor announced its first-quarter results, with sales revenue increasing by 32% year-on-year and new order amounts soaring by 70% year-on-year. Despite strong performance, the stock price fluctuated at high levels, retreating to 129 yuan, indicating market divergence regarding future performance. The semiconductor industry is performing strongly overall, with significant capital inflow.
    

InnoCare Pharma rose by 18.62%. Based on recent key news:

1.  On May 13, the Hong Kong tech sector saw a rebound in the afternoon, with InnoCare Pharma surging over 18%. The market was driven by optimism regarding a potential peace agreement between the U.S. and Iran, as well as the tech market rally, significantly enhancing overall risk appetite. Source: Soochow Securities
    
2.  On May 11, the United States International Trade Commission ruled on the patent infringement case against Innolux, stating that four patents do not constitute infringement, and the remaining two involve discontinued products, which have no significant impact on U.S. operations. Source: Citigroup Securities
    
3.  On May 11, Citigroup Securities maintained its "Outperform" rating on Innolux with a target price of 113.6 yuan, believing that its technological innovation capabilities are strong and will continue to benefit from growth in data centers, automotive, and robotics sectors. Source: Citigroup Securities The Hong Kong stock technology sector has recently performed strongly, with increased risk appetite.
    

**Stocks ranked among the top in industry market capitalization**

Zhaoyi Innovation rose by 4.36%. Based on recent key news:

1.  On May 11, storage concept stocks benefited from the artificial intelligence boom, triggering massive storage demand, and the global storage chip market remains hot. Zhaoyi Innovation's stock price rose by 9.18%, reflecting market expectations for sustained high profitability in the storage semiconductor industry. Zhitong Finance
    
2.  On May 10, the capital expenditure of the world's nine major cloud service providers was revised up to $83 billion, with an annual growth rate increased to 79%. CITIC Securities believes that the increase in storage prices proves that the industry's prosperity remains high, and the supply-demand imbalance will continue until 2027. Zhitong Finance
    
3.  On May 9, the U.S. storage chip sector collectively surged, with SanDisk, Micron Technology, and Seagate Technology all reaching new highs, driving related Hong Kong stocks up. Zhitong Finance The demand in the storage industry is strong, and prices are rising

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