YMTC Climbs to No. 3 in Global NAND Shipments
China’s largest NAND flash company, Yangtze Memory Technologies Corp (YMTC), has risen to third place globally in terms of shipments in the global NAND market, rapidly chasing Samsung Electronics and SK hynix. Despite the United States’ export regulations on advanced semiconductor equipment, the com
Yangtze Memory Technologies Corp (YMTC), China's largest NAND flash company, has climbed to the third position globally in terms of NAND shipments, closely following Samsung Electronics and SK hynix. Despite facing US export regulations on advanced semiconductor equipment, YMTC has managed to boost its market share by utilizing its proprietary 'Xtacking' technology and capitalizing on the substantial domestic demand.
In the second quarter of this year, YMTC's global NAND shipment share reached 16.5%, surpassing Japan's Kioxia and the U.S.'s Micron. With plans to expand its NAND market share to 20% in the long term and revenue growth at an impressive rate, YMTC is also looking to diversify its product offerings by entering the high-value-added enterprise solid-state drive (SSD) market.
The company aims to secure global clients beyond China and expand its production capacities through an initial public offering, which is expected to raise about 33 billion yuan.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
