{"id":"b509f4b8-0982-4346-bcd0-f8f7a9dad6fb","name":"YMTC","slug":"ymtc","description":"YMTC (Yangtze Memory Technologies) is China's leading 3D NAND flash memory manufacturer, founded in July 2016 in Wuhan as a subsidiary of Tsinghua Unigroup with US$24 billion in total investment. The company pioneered the Xtacking architecture for vertical NAND flash and became the first Chinese company to mass-produce 232-layer 3D QLC NAND, achieving an industry record density of 19.8 Gbit/mm2. YMTC holds approximately 11.8% of the [Global](/companies/global-ai) NAND flash market by revenue and filed for an IPO on Shanghai's STAR Market in 2026 at an expected valuation of ~US$42 billion. The company was added to the US Entity List, restricting access to American semiconductor equipment.","status":"active","founded":2016,"hq":"Wuhan, China","hqLat":30.578891,"hqLng":114.2921197,"hqGeocodedAt":"2026-08-05T14:55:46.516Z","hqAddress":null,"hqPrecision":null,"website":"ymtconsultants.com","fundingTotal":null,"type":"hardware","roles":[],"reviewStatus":"reviewed","heatIndex":54,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://en.wikipedia.org/wiki/Yangtze_Memory_Technologies","title":"Yangtze Memory Technologies","sourceName":"Wikipedia"},{"url":"https://media.defense.gov/2025/Jan/07/2003625471/-1/-1/1/ENTITIES-IDENTIFIED-AS-CHINESE-MILITARY-COMPANIES-OPERATING-IN-THE-UNITED-STATES.PDF","title":"1260H list","sourceName":"U.S. DoD"}],"keyFacts":[{"label":"HQ","value":"Wuhan, Hubei, China"},{"label":"Founded","value":"2016"},{"label":"Focus","value":"NAND flash memory integrated device manufacturer"},{"label":"Backers","value":"Founded with government investment"},{"label":"Status","value":"Added to the U.S. BIS Entity List in Dec 2022"},{"label":"Status","value":"Identified on the DoD Section 1260H list of Chinese military companies"},{"label":"Chairman and Acting CEO","value":"Chen Nanxiang"},{"label":"Former CEO","value":"Simon Yang (resigned July 2022)"},{"label":"Parent company","value":"Tsinghua Unigroup"},{"label":"Total investment","value":"US$24 billion (including Hubei provincial government and China Integrated Circuit Industry Investment Fund)"},{"label":"Market share","value":"~11.8% of global NAND flash market by revenue"},{"label":"Key technology","value":"Xtacking architecture for 3D NAND flash (232-layer QLC NAND, industry record 19.8 Gbit/mm2)"},{"label":"US sanctions","value":"Added to US Entity List (Bureau of Industry and Security), subject to export controls"},{"label":"IPO status","value":"Pre-IPO coaching talks began May 2026, targeting STAR Market listing; expected valuation ~US$42 billion"},{"label":"Revenue 2025","value":"7.47 billion yuan (~US$1.09 billion), turned profitable in 2025"},{"label":"Revenue Q1 2026","value":"Exceeded 20 billion yuan (~US$2.9 billion), doubling year-on-year"},{"label":"Consumer brand","value":"Zhitai (launched September 2020)"}],"aliases":["Yangtze Memory Technologies","Yangtze Memory Technologies Co., Ltd.","长江存储","Changjiang Cunchu"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-06-25T18:40:05.313Z","updatedAt":"2026-08-21T17:41:00.088Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/ymtc","url":"https://registry.deploy.report/companies/ymtc","name":"YMTC","alternateName":["Yangtze Memory Technologies","Yangtze Memory Technologies Co., Ltd.","长江存储","Changjiang Cunchu"],"description":"YMTC (Yangtze Memory Technologies) is China's leading 3D NAND flash memory manufacturer, founded in July 2016 in Wuhan as a subsidiary of Tsinghua Unigroup with US$24 billion in total investment. The company pioneered the Xtacking architecture for vertical NAND flash and became the first Chinese company to mass-produce 232-layer 3D QLC NAND, achieving an industry record density of 19.8 Gbit/mm2. YMTC holds approximately 11.8% of the [Global](/companies/global-ai) NAND flash market by revenue and filed for an IPO on Shanghai's STAR Market in 2026 at an expected valuation of ~US$42 billion. The company was added to the US Entity List, restricting access to American semiconductor equipment.","identifier":"b509f4b8-0982-4346-bcd0-f8f7a9dad6fb","foundingDate":"2016","address":"Wuhan, China","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":2,"primary_source_types":["knowledge-base","primary-government-record"]}}}