Yangtze Memory Technologies Co. (YMTC), China's largest NAND memory semiconductor manufacturer and the world's third-largest, is reportedly planning an initial public offering (IPO) in the first quarter of 2027.
Bloomberg News reported on November 11, citing multiple anonymous sources, that YMTC's plans to list on the STAR Market, China's version of Nasdaq, are still underway. However, YMTC did not provide a comment in response to Bloomberg's request.
Last week, Reuters reported, based on sources, that YMTC's listing plans had been put on hold. Amid increasing market volatility and speculation that Chinese authorities may delay some IPOs, Bloomberg expressed hope that progress on YMTC's listing could alleviate these concerns.
The Shanghai Stock Exchange accepted YMTC's IPO application in August and has moved to the inquiry stage as of September. YMTC aims to raise 33 billion yuan (approximately $4.6 billion) through this IPO to upgrade production line technology and invest in research and development (R&D).
Meanwhile, YMTC has been rapidly expanding its presence in the global NAND flash market. According to market research firm Counterpoint Research, YMTC achieved a 14% share of the global NAND flash market by shipment volume in the second quarter of this year, marking its first time ranking third in the world. Samsung Electronics holds the top position with a 25% share, followed by SK Hynix, which, including Solidigm, has a 22% share.
* This article has been translated by AI.
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