Top Highlights
YMTC is projected to grow revenue six times faster than industry peers.
Server-related business could reach nearly 39 per cent of revenue by 2028.
Enterprise SSDs for data centres will diversify beyond phone and computer storage.
Parent CCSH plans a 33-billion-yuan Shanghai IPO after 2025 revenue rose 40%.
YMTC looks beyond phones and PCs
China’s leading flash-memory maker, Yangtze Memory Technologies Corporation (YMTC), could grow revenue six times faster than its industry peers this year, according to a market research estimate. The forecast reflects a major shift in the company’s business: it plans to serve data centres as well as people who buy smartphones and personal computers.
Enterprise solid-state drives, or SSDs, sit at the heart of that strategy. Data centres use these drives to store and retrieve information quickly. As demand for digital services grows, server storage may offer YMTC a much larger market.
The change could reshape the company’s revenue mix. Its server-related revenue stood near zero in 2024. By 2028, it could make up nearly 39 per cent of the total, the estimate suggests. That growth depends on YMTC winning customers in a competitive market. It also depends on data-centre operators continuing to invest in storage.
An IPO plan puts growth in focus
YMTC’s parent company, CCSH Corporation, plans to raise 33 billion yuan, or about US$4.9 billion, through a listing on Shanghai’s Star Market. The prospectus reports that CCSH’s revenue rose 40 per cent year on year to 63 billion yuan in 2025.
The IPO could give investors a closer look at the business behind YMTC’s expansion. Still, rapid growth forecasts do not guarantee lasting success. YMTC must show that it can supply reliable products, compete for large contracts and turn demand into steady revenue.
For everyday users, the shift may feel distant. Yet data-centre storage supports many services people rely on, from online work to digital payments and entertainment. If YMTC grows into a strong supplier, it could help broaden the choices available to those who build and run these systems. Its progress will also show how far a memory maker can travel from storing personal photos to supporting the wider digital infrastructure of daily life.
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