Chinese Flash-Memory Chipmaker YMTC Plans to Raise $4.9 Billion in Shanghai IPO
11 Articles
11 Articles
Chinese NAND flash manufacturer YMTC is pursuing an IPO worth approximately 6.82 trillion won through its parent company, CCSH. The funds raised are planned to be invested in advancing production technology and R&D for next-generation NAND. Although the company has recently grown rapidly to become the third-largest global player in terms of shipment volume, geopolitical risks, such as export restrictions by the U.S. government, remain. With the …
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = Among China's two major memory manufacturers challenging Samsung Electronics and SK Hynix, following Changxin Technology (CXMT) in the DRAM sector, NAND...
YMTC parent seeks 33 billion yuan in Shanghai IPO after profit surge
The parent company of Chinese memory-chip maker Yangtze Memory Technologies, or YMTC, plans to raise 33 billion yuan through a Shanghai initial public offering, with most of the money earmarked for upgrading mass-production lines. The Shanghai Stock Exchange accepted the application on 21 August. Acceptance starts the exchange review. It does not mean the IPO has been approved, priced or completed. The preliminary prospectus covers an issue of b…
China Chipmaker YMTC Seeks to Raise $4.9 Billion in Shanghai IPO
Chinese chipmaker Yangtze Memory Technologies Co., known as YMTC, plans to raise 33 billion yuan ($4.9 billion) in a Shanghai initial public offering, following in the footsteps of rival CXMT Corp.’s near-record share sale.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
