YMTC Parent Starts IPO Tutoring With 2 Brokers as China Pushes Chip Self-Reliance
Updated
Updated · South China Morning Post · May 21
YMTC Parent Starts IPO Tutoring With 2 Brokers as China Pushes Chip Self-Reliance
4 articles · Updated · South China Morning Post · May 21
YMTC’s parent company on Tuesday formally entered IPO tutoring with Citic Securities and China Securities, according to a filing with China’s securities regulator.
The move puts China’s top 3D NAND maker on a path toward public fundraising as Beijing leans on capital markets to strengthen semiconductor self-sufficiency.
YMTC, founded in 2016, makes 3D NAND flash memory used in SSDs, smartphones, PCs and data centres, making its financing plans a closely watched test of China’s memory-chip ambitions.
The filing also highlights broader momentum toward listings by China’s memory-chip sector, with YMTC and CXMT both advancing plans tied to the country’s drive to reduce reliance on foreign technology.
Can China's memory champion leapfrog global rivals while facing strict international tech sanctions?
With a 3 trillion yuan valuation, can YMTC's IPO escape the industry's notorious boom-and-bust cycles?
YMTC’s IPO Launch: How China’s NAND Flash Giant Is Disrupting the Global Semiconductor Supply Chain
Overview
Yangtze Memory Technologies Co (YMTC) has officially started its journey toward an IPO by initiating the mandatory 'tutoring process' under Chinese regulations, with guidance from Citic Securities and China Securities. This move highlights YMTC’s ambition for a high valuation and its strategic role in China’s push for semiconductor self-sufficiency. Despite being placed on a U.S. trade blacklist in late 2022, YMTC has adapted by relying more on domestic suppliers and expanding production. These steps show YMTC’s determination to overcome external challenges and reinforce China’s goal of building a strong, independent semiconductor industry.