GalaxyCore and Montage Technology Plan Share Buybacks of Up to 500 Mln Yuan
Chinese chip companies GalaxyCore and Montage Technology announced buyback programs worth 150–300 mln and 300–500 mln yuan, respectively.
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what happened
GalaxyCore said it plans to repurchase its own shares for 150 to 300 million yuan, equal to about $22.43 to $44.87 million.
Montage Technology said it intends to buy back shares for 300 to 500 million yuan, or roughly $44.87 to $74.78 million.
Both announcements are dated October 18, 2026, and the dollar figures use a rate of 6.6861 yuan per dollar. The information comes from TradingView.
why it matters
Buybacks of this size are modest for listed chip companies, yet they reduce the number of shares outstanding and can signal management's view of its own stock valuation. The timing and completion of the programs were not disclosed in the reports.
tags
instruments
sources
- Galaxycore Plans To Buy Back Shares For 150-300 Mln Yuan — ru.tradingview.com, 18 October 2026 at 07:44 UTC
- Montage Technology Plans To Buy Back Shares For Up To 500 Mln Yuan — ru.tradingview.com, 18 October 2026 at 07:50 UTC
- Shengyi Technology Plans To Buy Back Shares For Up To 300 Mln Yuan — ru.tradingview.com, 18 October 2026 at 07:54 UTC
- Hygon Information Plans To Buy Back Shares For Up To 800 Mln Yuan — ru.tradingview.com, 18 October 2026 at 08:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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