China's YMTC sets sights on Samsung, SK Hynix in race for NAND leadership - report (SKHY:NASDAQ)
5 Articles
5 Articles
Yangtze Memory Technologies Co. (YMTC), China's largest NAND flash manufacturer, is reported to have set a goal to overtake Samsung Electronics and SK Hynix to become the world's largest NAND manufacturer as early as the end of 2027. The company plans to invest funds secured through a large-scale initial public offering (IPO) into expanding production capacity and research and development (R&D). On the 25th (local time), the Financial Times (FT)…
YMTC Wants to Overtake Samsung and SK hynix to Become World's Largest NAND Maker
YMTC has set an ambitious goal for its near-term future. The Chinese technology giant aims to become the world's largest NAND Flash maker, overtaking Samsung and SK hynix by the end of 2027. This goal was announced during a meeting with investors and stakeholders ahead of the company's initial public offering, which is planned for the Shanghai Stock Exchange. Through the IPO, YMTC hopes to raise about $5 billion to upgrade its facilities and acc…
The Chinese storage manufacturer YMTC wants to become the largest manufacturer of flash memory by volume next year. This is said to have announced the company to investors. If the Chinese reach the target, they would rank Samsung and SK Hynix. (Continue reading)
Chinese company YMTC wants to take on Samsung and SK Hynix to become the world's largest maker of storage memory. The company is now preparing for an IPO, writes the Financial Times.
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