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Yangtze Memory Technologies Co. (YMTC), a Chinese flash-memory chipmaker, is planning to raise $4.9 billion through an initial public offering (IPO) in Shanghai. The move comes as the company aims to capitalize on the growing demand for AI memory.
Yangtze Memory Technologies Co. (YMTC), a major Chinese chipmaker, is reportedly moving closer to a public listing, with expectations of reaching a trillion-yuan valuation.
Yangtze Memory Technologies Co. (YMTC) is reportedly moving closer to launching an initial public offering in China, following the precedent set by its rival CXMT Corp.'s recent share sale.
Apple is reportedly seeking permission from the White House to purchase memory chips from Yangtze Memory Technologies Co. (YMTC), a Chinese company that has been placed on a US government blacklist. This move comes as Apple aims to diversify its supply chain for iPhone components.