NEW YORK, Sept. 26, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that trading of Montage Technology Group Limited (Nasdaq:MONT), a leading provider of semiconductor solutions for home entertainment and cloud computing markets, commenced on The NASDAQ Stock Market on September 26, 2013.
Montage Technology is a global leading provider of analog and mixed-signal semiconductor solutions currently addressing the home entertainment and cloud computing markets. The foundation of the company's technology platform is the ability to design high performance, low power semiconductors by using the proprietary building blocks which include radio frequency and analog front end solutions, digital signal processors and high speed interfaces. In the home entertainment market, its solutions optimize signal processing performance under demanding operating conditions typically found in emerging market environments. In the cloud computing market, Montage offers high performance, low power memory interface solutions that enable memory intensive server applications. The technology platform approach allows Montage to provide integrated solutions that meet the expanding needs of customers through continuous innovation, efficient design and rapid product development.
"Montage Technology has become one of the foremost providers of semiconductor solutions for home entertainment and cloud computing markets," said Nelson Griggs, Senior Vice President, NASDAQ OMX. "NASDAQ OMX is pleased to welcome Montage Technology to The NASDAQ Stock Market, and looks forward to their continued success."
NASDAQ OMX has been the exchange of choice for some of the world's largest and most revolutionary companies. By listing with NASDAQ OMX, Montage Technology joins leading technology companies including Apple Inc., Microsoft Corp. and Google Inc.
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: NASDAQ Media Contact: Christine Barna (646) 441-5310 Christine.Barna@nasdaqomx.com
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