Montage Technology shares plunge; company says it is looking into the matter and operations are normal

RegulationPrice Action Impact 4
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Summary · why it matters

Memory interface chip leader Montage Technology saw its shares tumble in the afternoon of July 16, with its A-shares falling over 17 percent and H-shares dropping more than 22 percent. The move came after South Korean prosecutors raided Montage Technology's office in South Korea on July 15 as part of an investigation into suspected price manipulation of semiconductor components. Offices of Japan's Renesas Electronics and US-based Rambus in South Korea were also searched. A Montage Technology representative responded that the company is looking into the relevant information and that operations are currently normal.

Impact on stocks 3

Semiconductors · 2 stocks
Rambus Inc
RMBS
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Rambus office in South Korea raided in price manipulation probe

Others · 1 stocks

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