YMTC targets NAND memory crown by 2027

China’s YMTC aims to overtake Samsung and SK Hynix as the world’s largest NAND flash producer by the end of 2027, according to sources familiar with the company’s IPO plans. The chipmaker has filed to raise Rmb33 billion ($5 billion), with its IPO potentially valuing it at more than $150 billion.

Source: FT