tech
This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips
Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.
TL;DR
- YMTC secured third place in global NAND memory chip shipments in the second quarter, according to Counterpoint Research.
- This positions YMTC ahead of U.S. rival Micron and Japan's Kioxia, but behind South Korea's Samsung and SK hynix.
- The NAND memory chip market, which retains data when powered off, is seeing increased demand due to artificial intelligence adoption.
- In the larger DRAM memory chip segment, YMTC holds fourth place.
- YMTC is preparing for a public offering in mainland China.
- Both DRAM and NAND memory chip markets reached record sales in the first quarter.
- Despite shipment gains, YMTC still trails Micron and Kioxia in NAND chip revenue.