Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

South China Morning PostCenter-RightEN 2 min read 100% complete by Coco FengFebruary 3, 2026 at 02:00 PM

AI Summary

medium article 2 min

Several mainland Chinese memory chip and storage solution companies are seeking share listings in Hong Kong to fund their global expansion plans. Montage Technology, a Shanghai-based designer of high-speed interconnect chips, is set to debut on the Hong Kong stock exchange on Monday, aiming to raise nearly $900 million. This follows GigaDevice Semiconductor's Hong Kong debut last month and applications from Hosin Global Electronics, XTX Technology, and Beijing XSKY Technology earlier this year. These companies, which focus on memory products and solutions, are turning to Hong Kong's capital markets to support their long-term growth strategies and capitalize on opportunities in areas like cloud computing and AI infrastructure. Analysts suggest this trend represents a strategic shift in how the sector aims to achieve its global ambitions.

Key Entities & Roles

Key Player Opposition Context

Bloomberg 30% Shenzhen Stock Exchange 30% Counterpoint Research 40% MS Hwang 50% XTX Technology ×260% Hosin Global Electronics 60% Beijing XSKY Technology 60% GigaDevice Semiconductor ×270% Shanghai ×270% Hong Kong ×780% Montage Technology ×490%

Keywords

memory chips 90% hong kong 80% global ambitions 70% initial public offering 70% stock exchange 60% ai infrastructure 50% cloud computing 50% data centers 50% capital market 40% dual-listing 40%