YMTC’s STAR Market IPO application has been formally accepted by the Shanghai Stock Exchange. The Chinese NAND leader plans to raise RMB 33 billion (about $4.9 billion) by issuing 1.98 to 2.43 billion shares. Roughly RMB 20.8 billion will go toward mass-production line upgrades and RMB 12.2 billion toward R&D. YMTC ranked third globally in NAND shipments with about a 14% share in the second quarter. The listing follows CXMT’s recent DRAM IPO and marks another concrete step in China’s push for semiconductor self-reliance as AI demand for memory keeps rising. A potential listing is targeted for the first half of 2027.

YMTC FILES FOR $4.9B SHANGHAI IPO Chinese NAND flash giant YMTC, a rival to SanDisk $SNDK, plans to raise $4.9B after its listing application was accepted by the Shanghai Stock Exchange. The IPO is set for Shanghai’s STAR Market and would rank among the market’s largest-ever offerings, following fellow Chinese memory maker CXMT’s $9.9B listing.

YMTC STAR Market IPO review officially accepted • According to the Shanghai Stock Exchange, the review status for YMTC’s proposed IPO and listing on the STAR Market has been updated to “Accepted (已受理).” • Planned issuance: 1.98–2.43 billion shares • Fundraising target: RMB 33.0 billion RMB 20.8 billion for upgrading and expanding mass-production lines RMB 12.2 billion for R&D

Exclusive: China’s YMTC aims to overtake Samsung & SK Hynix in flash memory race * Internal meetings set target to take global #1# Nand spot by as early as end of 2027 * IPO will most likely price low at Rmb200-300B while >Rmb1T post valuation is expected

Chinese chipmaker YMTC, plans to raise 33 billion yuan ($4.9 billion) in a Shanghai initial public offering, following in the footsteps of rival CXMT Corp.’s near-record share sale.