Company Dossier
Yangtze Memory Technologies (YMTC)
China's flagship 3D NAND flash-memory maker and a pillar of Beijing's chip self-sufficiency drive. Wuhan-based, state-backed, US Entity-Listed; pioneer of the Xtacking wafer-bonding architecture.
FILE · ymtcOpen-source file · BattlePolicy ProStatus Privately held (unlisted), state-backed; on US BIS Entity List (Dec 2022) and DoD 1260H (Jan 2024); NOT on Footnote 5 and NOT (as of mid-2026) OFAC-designated — the key contrast with SMIC. Preparing a Shanghai STAR Market IPO.Unverified
Yangtze Memory Technologies (YMTC)
China's flagship 3D NAND flash-memory maker and a pillar of Beijing's chip self-sufficiency drive. Wuhan-based, state-backed, US Entity-Listed; pioneer of the Xtacking wafer-bonding architecture.
Founded
2016Wuhan
HQ
Wuhan, China
Headcount
Not publicly disclosedcut ~10% after the 2022 Entity List
Total raised
State-backed (~$24B initial via China 'Big Fund' + Hubei govt); privately held
Valuation
~161B yuan / ~$22B (Apr 2025 investor filing); IPO reports 200-300B yuan ($28-42B) — verify
Stage
Private, state-backedShanghai STAR Market IPO in tutoring
Restricted · BattlePolicy Pro
The rest of the Yangtze Memory Technologies (YMTC) file
- ▸Background — founding, ownership and how the company got to here
- ▸Financial footing — rounds, valuation, backers and who is exposed
- ▸Customers & contracts — live join against our Procurement Tracker
- ▸Leadership — who runs it, and the contact surface
- ▸Competitive position — who it beats, who beats it, and on what
- ▸Battlefield relevance — confirmed combat use versus company claim
- ▸Sources — every citation this file is built on
- ▸Analyst verdict — where the evidence is thin and what would change our call