Chinese memory manufacturer YMTC has set an ambitious goal to become the global leader in NAND flash memory production by the end of 2027, according to reports citing individuals familiar with the matter. This would involve more than doubling its current market share to overtake established giants like Samsung and SK hynix.
YMTC currently holds approximately 13% of the NAND market, while industry leader Samsung commands 29%. To achieve its target, YMTC is reportedly expanding its manufacturing capabilities. Plans include constructing two new foundries and completing a third that is already under construction, which would significantly increase its wafer production capacity.
NAND flash memory has become a highly profitable sector, particularly in the first quarter of 2026 when manufacturers earned $46 billion, a more than threefold increase compared to the previous year. The escalating demand is largely driven by data centers utilizing the memory for artificial intelligence training and data storage. YMTC has also seen success in the consumer market, with its SSDs appearing in some Lenovo laptops, a feat potentially facilitated by the current tight supply of memory and storage components.
Beyond NAND, YMTC is also reportedly exploring opportunities in the DRAM memory market. However, this segment presents its own competitive landscape, with domestic rival CXMT already holding a 7% market share. Globally, Samsung leads the DRAM market with 39%, followed by SK hynix at 26% and Micron also at 26%.
The broader memory market is currently experiencing a significant shortage, impacting consumer products like SSDs. Prices for components such as 2 TB drives are reported to be upwards of $200. While increased production from companies like YMTC could help alleviate the crisis, it remains uncertain if supply will grow at a pace that outstrips the substantial demand. Even industry leaders like Samsung anticipate a severe memory supply crunch in the coming year.