This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips

Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Yangtze Memory Technologies is rapidly gaining market share in a critical chip sector, according to Counterpoint Research.The company, also known as YMTC, landed in third place by shipments globally in the second quarter, behind South Korea's Samsung and SK hynix but beating out U.S. rival Micron and Japan's Kioxia, Counterpoint data released Wednesday showed.That's when looking at the NAND memory segment, which contributes about one-fourth of Micron's revenue. NAND chips retain data even when devices are powered off but are slower than DRAM memory chips, which operate more quickly — at a far higher cost, forming about three-fourths of Micron's revenue.YMTC reached third place with a 14% share, the report said. It narrowly beat Kioxia a year ago, but fell back behind in following months, Counterpoint Research Director MS Hwang said. "YMTC is projected to pull further ahead in 2027 and 2028. From that perspective, YMTC achieving third place this quarter carries significant weight in the competitive landscape,...