
China’s push for semiconductor self-reliance is hitting the capital markets.
The parent company of Yangtze Memory Technologies Co (YMTC), the nation’s leading 3D NAND flash memory manufacturer, officially started the tutoring process for an initial public offering (IPO) on Tuesday, according to a filing with the China Securities Regulatory Commission. Citic Securities and China Securities are acting as tutoring institutions.
Advertisement
Here is a run down on YMTC’s business, its technology and an explanation of why investors are watching closely.
What is YMTC and what does it do?
Founded in December 2016, YMTC is China’s leader in 3D NAND flash memory – the non-volatile storage used to hold data in solid-state drives (SSDs), smartphones, PCs and data centres.
Advertisement

Don't Miss:
-
University to roll out screenings at pharmacies to uncover osteoporosis cases
-
Alibaba unit says 5-in-1 AI gives robots unified brain, body and limbs
-
Japan’s deadliest fault line shifts, frustrating megaquake forecasts
-
China’s durian imports from Thailand and Malaysia soar as glut pressures growers
-
Hong Kong police officers lose appeal over framing homeless man, evidence cover-up

Jakarta’s Belarus Opening
Iraq’s Balancing Arithmetic in the US-Iran War
International Pollution by Chinese Miners Worsens