YMTC

Sources: Chinese chipmaker YMTC plans to build two more factories in addition to one that will be completed in 2026, more than doubling its production capacity

Chinese chipmaker Yangtze Memory Technologies (YMTC) aims to build two more factories in addition to one that will be completed this year …

Sources: China's top memory chipmakers, CXMT and YMTC, plan their biggest expansions yet, as a global supply crunch lets them close the gap with market leaders

Sources: Chinese chipmaker YMTC considers an IPO in China at an up to ~$40B valuation as soon as 2026, in what could be one of China's biggest IPOs in years

Bloomberg :

Filing: China's leading flash memory chipmaker YMTC raised ~$219M from Hebei Yangyuan Zhihui Beverage Co. at a ~$22.1B valuation in December 2023

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

TechInsights: China's YMTC upgraded its “Xtacking” tech, which stacks memory cells in layers, to rival NAND industry leaders, but significant challenges remain

Debby Wu / Bloomberg :

The US adds 12+ Chinese companies, including YMTC, Megvii, and lidar maker Hesai, to a DOD list to flag firms that are allegedly working with China's military

Chinese Premier Li Qiang, the country's No. 2 official, visited YMTC's memory chip production lines, the latest show of support for the US-sanctioned company

Zheping Huang / Bloomberg :

Chinese chipmaker YMTC sued Micron on November 9 in California, alleging that the US chipmaker infringed on eight of its patents and did not pay its fair share

Sources: after burning through $7B over the past year, YMTC has had to raise billions of dollars in capital, as the Chinese chipmaker tries to adapt to US curbs

Financial Times :

At a Shanghai event, Chinese chipmakers and suppliers were grim but defiant about US plans to widen export controls; YMTC urged suppliers to show “integrity”