Yangtze Memory Technologies (YMTC) Files for STAR Market IPO

YMTC has filed for an IPO on Shanghai’s STAR Market, according to CSRC disclosure.

The application was submitted via the Hubei Securities Regulatory Bureau and sponsored by CITIC Securities units.

YMTC plans to use the listing to fund next-generation NAND expansion as demand for storage chips rises.

The move could help YMTC scale production and strengthen China’s domestic memory-chip industry.