On May 19, 2026, the website of the China Securities Regulatory Commission (CSRC) disclosed that Yangtze Memory Technologies Corp. (YMTC) has officially launched IPO counseling, with CITIC Securities and CSC Financial as the counseling institutions. As a leading domestic memory chip enterprise, YMTC has no controlling shareholder, and its largest shareholder is Hubei Changsheng Development Co., Ltd., with a direct shareholding ratio of 26.54%. This time, sprinting for an IPO on the STAR Market, YMTC plans to expand advanced process R&D and production capacity through fundraising, accelerate the domestic substitution of 3D NAND chips, reduce the dependence of the domestic market on overseas manufacturers, and help the independent and controllable development of China’s semiconductor industry chain. YMTC is a key enterprise in China’s semiconductor self-reliance strategy, having successfully mass-produced 128-layer and 232-layer 3D NAND chips, with products widely used in solid-state drives (SSDs), mobile storage, and data center servers. Its customers cover major domestic smartphone, server, and consumer electronics brands, and it has gradually established a stable market position in the global memory chip industry. At present, China relies heavily on imported memory chips, with over 90% of NAND flash supplied by foreign manufacturers such as Samsung and SK Hynix. YMTC’s listing will not only help it obtain more capital support to enhance R&D capabilities and expand production capacity but also drive the development of upstream and downstream enterprises in the domestic semiconductor industry, improving the overall competitiveness of the industrial chain. Industry insiders pointed out that YMTC’s IPO is expected to become a landmark event in the domestic semiconductor industry, boosting investor confidence in China’s tech innovation. With the continuous growth of global demand for storage chips driven by AI data centers, cloud computing, and big data, YMTC is expected to seize market opportunities, narrow the gap with international leaders, and contribute to the high-quality development of China’s semiconductor industry.