Chinese firm Yangtze Memory Technologies (YMTC) is rapidly gaining market share in the NAND memory chip sector, according to Counterpoint Research:
The company landed in third place globally in shipments in the second quarter, beating U.S. rival Micron and Japan's Kioxia, but falling behind South Korea's Samsung and SK hynix:
YMTC reached a 14% market share, which carries significant weight in the competitive landscape:
The company is preparing to go public in mainland China, following the blockbuster debut of DRAM-focused CXMT:
Both DRAM and NAND memory chip markets have reached record sales, at nearly $100 billion and $46 billion, respectively, in the first quarter:
