The China Securities Regulatory Commission has disclosed information on its website indicating that Chinese memory chip maker Yangtze Memory Technologies Holding has begun pre-listing tutoring, formally starting its A-share IPO process. CITIC Securities and CSC Financial are serving as its advisors.
Founded in 2016, YMTC Holding is a memory integrated device manufacturer (IDM), with businesses spanning chip design, manufacturing, packaging and testing, and system solution products. Its wholly owned subsidiary, Yangtze Memory Technologies (YMTC), is valued at more than RMB 160 billion (USD 23.5 billion).
YMTC is central to YMTC Holding’s development. The company has made several advances in memory chip technology, supporting its product innovation.
In October 2017, YMTC designed and manufactured what it described as China’s first 3D NAND flash memory through a combination of in-house R&D and international collaboration.
In September 2019, the company began mass production of its second-generation triple-level cell (TLC) 3D NAND flash memory, which uses its proprietary Xtacking architecture.
