YMTC Targets the World's Largest NAND Maker Position by 2027

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YMTC plans to raise about $5 billion through a Shanghai IPO to expand NAND production and challenge Samsung and SK hynix by 2027.

Quick Report

Chinese NAND manufacturer YMTC aims to become the worlds largest NAND Flash producer by the end of 2027, overtaking Samsung and SK hynix. The company plans to raise about $5 billion through a proposed Shanghai Stock Exchange IPO to expand manufacturing capacity and accelerate research and development.

YMTC recently became the third-largest NAND supplier by bit shipments, with growth of 22% year over year and 5% quarter over quarter. Its Xtacking 4.0 architecture is in mass production with 267-layer 3D NAND, and the company expects to reach more than 300 layers next year, although possible restrictions on ASML DUV equipment exports could make the goal more difficult.

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Source(s)

  • TPU