Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report
Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of…
Chinese memory giant Yangtze Memory Technologies Corporation (YMTC) is poised to grow revenue six times faster than its industry peers as it prepares for an IPO, according to Counterpoint Research. The company's server-related revenue, currently at zero in 2024, is expected to account for nearly 39% of its total revenue by 2028, driven by the growing demand for enterprise solid-state drives (SSDs) in data centers.
This expansion, backed by partnerships with controller suppliers and enterprise relationships, could potentially reshape competition in the industry. However, YMTC faces equipment constraints and must convert manufacturing scale into a stronger position in higher-value storage markets to convert this growth into design wins with customers outside China.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
