Yangtze Memory Technologies is accelerating its bid to become the world’s largest NAND flash manufacturer as early as the end of 2027, surpassing Samsung Electronics and SK Hynix, according to what the company told investors in recent pre-listing meetings. Its parent CCSH Corporation’s Shanghai Stock Exchange application seeks to raise 33 billion yuan, or about $4.9 billion, mainly to upgrade production facilities and develop next-generation NAND and high-speed storage, with an offering timeline still undetermined and pricing expected to be relatively conservative. Counterpoint Research put YMTC’s global NAND shipment share at 14% in the second quarter, ranking it third behind Samsung at 25% and SK Hynix including Solidigm at 22%, ahead of Kioxia, while TrendForce also placed it third in the first quarter. First-quarter revenue reached 47 billion yuan with net profit of about 33 billion yuan, as average NAND selling prices rose sharply and gross margin climbed to 76.8%. Monthly capacity is estimated to rise from 200,000 wafers this year toward 400,000–500,000 by 2028, though the firm still ranks lower by revenue amid a consumer-heavy mix, U.S. export controls on advanced equipment, and debate over whether Chinese expansion will outpace AI-driven demand.