BEIJING — 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.
