On July 21, Montage Technology (688008.SH) released an investor relations activity record announcement. The company benefited from the AI industry trend in the first half of the year, with strong industry demand, increased DDR5 penetration rate and continuous sub-generation iterations. The company's DDR5 RCD chip shipments increased significantly, with the proportion of third and fourth generation RCD chip shipments further rising. Revenue from new interconnect chip products such as MRCD/MDB, PCIe Retimer, CKD, and CXL MXC chips also climbed significantly. The company plans to complete the engineering development of the third-generation MRCD/MDB chip this year. The industry expects MRDIMM to start from large-scale application in the next two to three years and gradually enter the ramp-up penetration phase. Increasing CPU demand will drive up memory module usage, thereby expanding the memory interconnect chip market. In addition, the growing importance of CPUs in AI system architecture will synchronously drive demand for other CPU-related interconnect chips, including PCIe and CXL interconnect chips. The CXL 3.1 MXC chip has been sent to key customers for sample testing, and its penetration rate in data centers is expected to increase rapidly in the coming years. The PCIe 6.x/CXL 3.x Retimer chip is actively cooperating with customers for testing and validation, with the industry expecting it to enter the large-scale application stage by 2027. The company plans to complete the tape-out of the Ethernet PHY Retimer chip engineering samples this year.