Key facts
- YMTC is set to grow revenue six times faster than industry peers this year.
- The company is expanding into server-related business ahead of a planned IPO.
- YMTC's server-related revenue could account for nearly 39% of its revenue by 2028, according to Counterpoint Research.
Yangtze Memory Technologies Corporation (YMTC), China's leading flash-memory maker, is poised for significant revenue growth, projected to be six times faster than its industry peers this year. This expansion is fueled by a strategic move into the server-related business as the company gears up for a planned initial public offering (IPO). According to market intelligence firm Counterpoint Research, YMTC's server-related revenue, which was negligible in 2024, could constitute nearly 39% of its total revenue by 2028. The momentum for this growth is attributed to the company's expanding operations in this sector.