TECH

YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market

Published: Aug. 13, 2026 1:48 a.m. GMT+8

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YMTC ranked third in shipments and fifth in revenue for the quarter, lagging behind Micron and Kioxia. Photo: VCG

Chinese memory chipmaker Yangtze Memory Technologies Co. Ltd. (YMTC) narrowly surpassed Japan’s Kioxia Holdings Corp. in the second quarter to become the world’s third-largest supplier of NAND flash by shipment volume.

The shift underscores how Chinese semiconductor makers are expanding their global presence as they benefit from a prolonged memory-chip shortage driven by heavy investment in North American artificial-intelligence data centers.

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YMTC overtook Kioxia as third-largest NAND supplier by shipment in Q2, holding 14% global share.
Despite shipment growth, YMTC ranked fifth by revenue due to concentration in consumer applications.
YMTC is mass-producing 267-layer NAND, building a third fab, and preparing for a potential IPO valued over ¥1 trillion.

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Who’s Who

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What Happened When

Second quarter of 2025：: YMTC's NAND shipments were at a level that later grew by 22% by the second quarter of 2026.

September 2025：: YMTC's third fab construction began.

By the end of 2025：: CXMT's global market share rose to 7.7%.

First quarter of 2026：: Kioxia ranked third in NAND shipment volume; YMTC's shipments were at a level that later grew by 5% by the second quarter of 2026.

Q1 2026：: Kioxia ranked third in NAND shipment volume; YMTC's shipments were at a level that later grew by 5% by the second quarter of 2026.

As of Q2 2026：: Samsung led the NAND market with 25% share, SK Hynix at 22%, Kioxia in fourth place, and Micron in fifth; Samsung's NAND output was constrained; YMTC's product mix concentrated in consumer applications; enterprise SSDs accounted for 48% of total NAND bit shipments.

Second quarter of 2026：: YMTC surpassed Kioxia to become the world's third-largest NAND flash supplier by shipment volume, accounting for 14% of global NAND shipments.

May 19, 2026：: The China Securities Regulatory Commission's Hubei branch accepted YMTC's IPO tutoring filing.

As of 2026：: ChangXin Memory Technologies became the world's fourth-largest memory-chip maker; YMTC's first two production phases are fully utilized.

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