YMTC Files $4.9B Shanghai IPO, Aims to Overtake Samsung as Top NAND Supplier by End of 2027

CCSH Corp., YMTC's parent, filed Friday for a $4.9B ($33B yuan) IPO on Shanghai's STAR Market, with proceeds split $20.8B yuan for production upgrades and $12.2B yuan for R&D. FT reports YMTC told IPO-prep investors it aims to become the world's largest NAND flash supplier by end of 2027; Counterpoint puts its Q2 share at 14%, already third worldwide behind Samsung and SK Hynix. Valuation could reach 330B yuan ($42B).