Yangtze Memory Technologies
Integrated device manufacturer: designs, fabricates, and packages 3D NAND flash wafers and sells NAND components, embedded storage (UFS/eMMC), and consumer/enterprise SSDs (Zhitai brand); capital intensity funded by state investors
YMTC raises via state-directed capital injections at parent Changjiang Holdings rather than conventional VC rounds; only the Apr 2025 raise carries a reported post-money valuation. The 2023 point uses post-injection registered capital as a stated proxy, not a market-priced mark. Founding (2016) and interim registered-capital steps carry no reported valuations and are omitted rather than estimated.
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