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Tom’s Hardware
Tom’s Hardware
Technology
Luke James

China's YMTC aims to become the world's largest NAND maker by the end of 2027, report says — company plans to overtake Samsung and SK hynix

YMTC Samsung SK Hynix China Memory
YMTC.

Yangtze Memory Technologies Co. (YMTC) told investors and stakeholders in recent IPO preparation meetings that it aims to become the world's largest NAND flash producer by the end of 2027, overtaking Samsung and SK hynix, according to a Financial Times report. The Wuhan-based company filed last week to raise 33 billion yuan ($4.9 billion) on the Shanghai Stock Exchange's STAR Market, with most of the proceeds earmarked for production line upgrades and R&D.

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