Montage Tech Under Investigation | Business and Finance News

South Korean authorities raided Montage Technology’s local office amid a probe into alleged competition law violations — the chipmaker, the world’s top supplier of memory interconnect chips, is cooperating but no charges have been filed yet. With South Korea accounting for over half its revenue — nearly $430 million — the investigation carries major weight for Montage’s operations there. Despite a strong Hong Kong IPO debut focused on R&D, the company’s stock plummeted after the raid, signaling market jitters as the probe continues and could reshape Montage’s role in the Korean semiconductor scene. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8a3cd356a60bb1ae