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Counterpoint: China's memory giant Yangtze Memory Technologies Co. (YMTC) is set to grow revenue six times faster than peers this year, with an IPO plan approaching.
Chinese leading flash memory manufacturer Yangtze Memory Technologies Corp (YMTC) is projected to see its revenue grow six times faster than its industry peers this year, as it expands its server-related business ahead of a planned initial public offering (IPO), Counterpoint Research reported on Tuesday. The report noted that the company's server-related revenue was almost zero in 2024 but could account for nearly 39% of its total revenue by 2028. YMTC's parent company, CCSH Corporation, is seeking to raise 33 billion yuan (US$4.9 billion) by listing on Shanghai's STAR Market. According to the prospectus, the company's revenue is expected to grow by 40% year-on-year to 63 billion yuan in 2025.
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