Yangtze Memory Technologies Corporation has climbed to 13% of the global NAND flash market, a position that puts the Chinese chipmaker shoulder-to-shoulder with SanDisk and Micron Technology. A year ago, YMTC held just 8%.
The numbers behind the surge
According to Counterpoint Research, global NAND revenues hit a record $46 billion in Q1 2026. That figure represents a 3.5x increase quarter-over-quarter, driven largely by insatiable demand for AI infrastructure.
YMTC was the biggest beneficiary of that rising tide. The company posted nearly 445% year-over-year revenue growth in Q1 2026, making it the fastest-growing major player in the entire NAND industry.
To put that in context: Samsung still leads the pack with a commanding 29% market share. SK Hynix and Kioxia sit at 14% each. Then comes the three-way tie at 13% between YMTC, Micron, and SanDisk.
