Sources: YMTC, which seeks to raise $5B in an IPO, told investors in IPO prep meetings that it aims to become the largest NAND flash supplier by the end of 2027 (Financial Times)

YMTC, which is preparing a $5 billion IPO, told investors that it intends to become the world’s largest NAND flash supplier by the end of 2027. The company’s plan relies on expanding production capacity and leveraging its 3-nanometer QLC technology to outpace rivals such as Samsung and Kioxia.