YMTC sets 2027 goal to dethrone Samsung and SK hynix in NAND flash market
YMTC, a Wuhan-based NAND flash maker, has informed investors of its goal to become the world's largest producer by the end of 2027, surpassing Samsung and SK hynix. The company recently filed for a 33 billion yuan ($4.9 billion) IPO on Shanghai's STAR Market to fund production upgrades and R&D. With roughly 14% of global NAND shipments in Q2 2026, YMTC would need to nearly double its share to achieve this target.
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Original headline: “China's YMTC aims to become the world's largest NAND maker by the end of 2027, report says — company plans to overtake Samsung and SK hynix.” Browse more stories.