Yangtze Memory parent firm gets $222 million investment, valuation exceeds $22.4 billion · TechNode

Chinese memory chip giant YMTC valued at US$22 billion after beverage firm deal

The deal was signed in December 2023 but was only announced on Friday as it ‘involved commercial secrets’, Yangyuan said.

Yangtze Memory parent firm gets $222 million investment, valuation exceeds $22.4 billion · TechNode

Yangyuan Beverage announced yesterday that its subsidiary, Quanhong Investment, has made a capital injection of 1.6 billion yuan ($222 million) into Yangtze Memory Group. Following this investment, Quanhong Investment will hold a 0.99% stake in the Yangtze Memory Group, which is now valued at around RMB 161.61 billion ($22.4 billion). Following this capital increase, shareholders in Yangtze Memory Group have expanded from 7 to 23. New investors …