YMTC's server business expansion and planned Shanghai IPO
Overview
Counterpoint Research says Yangtze Memory Technologies Corporation (YMTC) will grow revenue six times faster than its industry peers this year as it expands into server-related business.
Counterpoint projects server-related revenue, effectively zero in 2024, could reach nearly 39 per cent of YMTC's revenue by 2028, driven largely by enterprise SSDs used in data centres.
The expansion comes as YMTC's parent, CCSH Corporation, seeks to raise 33 billion yuan (US$4.9 billion) through a listing on Shanghai's Star Market.
Written by AI from the articles below · updated Oct 14, 7:41 AM ET
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- South China Morning Post · TechNewsChinese memory maker YMTC to grow revenue six times faster than peers, Counterpoint says
AICounterpoint Research says Yangtze Memory Technologies Corporation (YMTC) will grow revenue six times faster than its industry peers this year as it expands into server-related business. The firm projects server-related revenue, effectively zero in 2024, could reach nearly 39 per cent of YMTC's revenue by 2028, driven largely by enterprise SSDs used in data centres. The expansion comes as parent CCSH Corporation seeks to raise 33 billion yuan (US$4.9 billion) through a Shanghai Star Market listing.
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