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Chinese memory maker YMTC wants to dethrone Samsung and SK hynix by the end of 2027

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Chinese memory maker YMTC wants to dethrone Samsung and SK hynix by the end of 2027

With the memory crisis in full swing, it's taking severe chunks out of the supplies of both NAND (used for SSD storage) and DRAM, which is used for RAM modules. Chinese memory maker YMTC has had a lucrative couple of years with the former, yet it's not done yet. YMTC reportedly wants to sit at the very top of the pile for NAND flash memory, and it wants to do it very soon.

According to the Financial Times, citing "two people with knowledge of the matter", YMTC told investors that it wants to be the leader in the market (ahead of Samsung and SK hynix) by the end of 2027. That's a pretty bold claim considering it would need to more than double its current market share.

According to Counterpoint Research, YMTC holds a 13% market share, while NAND memory leader Samsung holds 29%. In fairness, though, YMTC does appear to be building up its infrastructure to handle growth.

In April, it was reported that YMTC was aiming to more than double its wafer production. It would do so by building two additional foundries and finishing the build of a third foundry that was already under construction.

NAND memory is a very lucrative business right now. 5 times what they made in the same quarter last year. NAND memory is only getting more expensive, and data centers are mopping it all up to train AIs and store all that data. But YMTC has even had a win in the consumer market, seemingly putting its SSDs into some Lenovo laptops .


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