{
  "id": 14430052,
  "title": "Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report",
  "url": "https://urgent.news/2026/10/14/chinese-memory-giant-ymtc-to-grow-revenue-6-times-faster-than-peers-14430052",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T11:00:10.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/big-tech/article/3370871/chinese-memory-giant-ymtc-grow-revenue-6-times-faster-peers-ipo-nears-report"
  },
  "original_language": "en",
  "account": "Yangtze Memory Technologies Corporation (YMTC), China's top flash-memory producer, is projected to generate revenue six times quicker than its competitors this year as it prepares for an initial public offering (IPO) and ventures into server-related business, according to Counterpoint Research. Currently, YMTC's server-related revenue was nil in 2024 but could contribute nearly 39 percent of its total revenue by 2028, the market intelligence firm reported on Tuesday. The momentum is mainly attributed to the burgeoning role of enterprise solid-state drives (SSDs) in data centers, which would expand YMTC's business beyond storage solutions for smartphones and personal computers. This expansion is part of CCSH Corporation's plan to raise 33 billion yuan (US$4.9 billion) through a Shanghai Star Market listing. Revenue for the company surged 40 percent year on year to 63 billion yuan in 2025, as per the prospectus. Counterpoint highlighted YMTC's strategy, which includes forging partnerships with controller suppliers like Phison, Silicon Motion, and Alibaba Group Holding's T-Head, along with a key enterprise collaboration with Huawei Technologies. Alibaba owns the South China Morning Post. \"The key question is whether YMTC can translate this growth into design wins with customers beyond China, not just domestic hyperscalers,\" remarked MS Hwang, research director at Counterpoint, referring to securing a place in customers' products. The challenge lies in leveraging manufacturing scale to gain a stronger foothold in higher-value storage markets. In a previous report, Counterpoint placed YMTC third globally by NAND shipment volume in the second quarter, trailing Samsung Electronics and SK Hynix but ahead of Japan's Kioxia and US-based Micron Technology. Ranked fifth by revenue, YMTC's heavier focus on consumer products contrasts with its global ranking. NAND, which stores data even when the power is off, is a crucial component of SSDs. In artificial intelligence infrastructure, these drives store training datasets, model files, and other information that computing systems need to access swiftly. Enterprise SSDs accounted for 48 percent of global NAND bits shipped in the second quarter, up from 26 percent a year prior, according to Counterpoint's August estimation. The surge is attributed to the mounting demand for AI inference, the process of running trained models to produce responses. Morgan Stanley stated in an August report that Chinese memory manufacturers could alter competition through scale and domestic demand before matching global leaders in the most advanced products. Broader enterprise SSD qualification for YMTC would place the company in more direct competition for the industry's higher-value business, according to the bank. YMTC's growth trajectory, however, is hampered by equipment constraints. In December 2022, the U.S. added the company to its Entity List, imposing licensing requirements on exports, re-exports, and transfers of items subject to U.S. export regulations, including semiconductor manufacturing equipment and technology. Counterpoint also noted that YMTC is investigating DRAM, the working memory used in phones, computers, and servers, as it seeks to expand beyond NAND. The company's mobile memory development includes a newer design for eventual mass production, while an earlier version is still in research and testing.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report",
        "url": "https://urgent.news/2026/10/14/chinese-memory-giant-ymtc-to-grow-revenue-6-times-faster-than-peers",
        "published": "2026-10-14T11:00:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}