GoKawiilYMTC targets NAND market leadership by 2027 as it files for $4.9B Shanghai IPO
Chinese chipmaker YMTC has told investors it intends to become the world's biggest NAND flash producer by the end of 2027, surpassing Samsung and SK hynix. The Wuhan-based firm recently filed to raise 33 billion yuan ($4.9 billion) on Shanghai's STAR Market, with most funds going toward upgrading production lines and expanding research and development.
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Hitting that goal would mean nearly doubling YMTC's current market share in just 16 months, an extremely aggressive climb given it only became profitable in 2024. The IPO proceeds and soaring margins suggest Beijing is pushing hard to establish a homegrown leader in memory chips, a move that could reshape global supply chains and pricing power currently held by Samsung and SK hynix.
- YMTC aims to overtake Samsung and SK hynix in NAND flash market share by end of 2027.
- The company is raising $4.9 billion via a Shanghai STAR Market IPO to fund production upgrades and R&D.
- Its gross margin surged from 5.45% in 2023 to over 76% in early 2026, though heavy depreciation costs leave it vulnerable if memory prices fall.
Samsung 990 PRO NVMe SSD — With NAND makers like YMTC, Samsung and SK hynix battling for flash supremacy, the payoff for shoppers is fast, dense storage — and Samsung's 990 PRO is one of the most popular PCIe 4.0 drives around. It's an easy upgrade for a gaming PC, workstation or PS5 build, and a heatsink version is available if your setup needs the extra cooling.
See Samsung 990 PRO NVMe SSD on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: tomshardware.com — Luke James, 2026-08-27
Published there as: “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”
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