Physical State | The risk-data layer for a robotic world

Overview

YMTC (Yangtze Memory Technologies) is China's leading 3D NAND flash memory manufacturer, founded in July 2016 in Wuhan as a subsidiary of Tsinghua Unigroup with US$24 billion in total investment. The company pioneered the Xtacking architecture for vertical NAND flash and became the first Chinese company to mass-produce 232-layer 3D QLC NAND, achieving an industry record density of 19.8 Gbit/mm2. YMTC holds approximately 11.8% of the Global NAND flash market by revenue and filed for an IPO on Shanghai's STAR Market in 2026 at an expected valuation of ~US$42 billion. The company was added to the US Entity List, restricting access to American semiconductor equipment.

Audited Posture AssessmentPeer Percentile: 60.4%

Limited public funding data for capital position assessment.

Key Facts

HQWuhan, Hubei, China

Founded2016

FocusNAND flash memory integrated device manufacturer

BackersFounded with government investment

StatusAdded to the U.S. BIS Entity List in Dec 2022

StatusIdentified on the DoD Section 1260H list of Chinese military companies

Chairman and Acting CEOChen Nanxiang

Former CEOSimon Yang (resigned July 2022)

Parent companyTsinghua Unigroup

Total investmentUS$24 billion (including Hubei provincial government and China Integrated Circuit Industry Investment Fund)

Market share~11.8% of global NAND flash market by revenue

Key technologyXtacking architecture for 3D NAND flash (232-layer QLC NAND, industry record 19.8 Gbit/mm2)

US sanctionsAdded to US Entity List (Bureau of Industry and Security), subject to export controls

IPO statusPre-IPO coaching talks began May 2026, targeting STAR Market listing; expected valuation ~US$42 billion

Revenue 20257.47 billion yuan (~US$1.09 billion), turned profitable in 2025

Revenue Q1 2026Exceeded 20 billion yuan (~US$2.9 billion), doubling year-on-year

Consumer brandZhitai (launched September 2020)

Safety & Regulatory Posture

0 entries

Audited Incident & Recall Footprint

No incidents on record for YMTC.

Leadership & Founders

1 entry

Current Program Leadership & Executives

Chen NanxiangSEC-verified

Chairman and Acting CEO

Key Former Leadership (1 Tracked)

Simon Shining YangFormer CEO and Deputy Chairman

Partnerships & Commercial Deployments

2 entries

Total Tracked2

Operating2

Announced0

Concluded0

Key Recurring Partners

AWS1 · 1× joint · 976 total

NVIDIA2 · 1× joint · 1110 total

Recent Verified Partnerships

Partnership
MOST RECENT

FAQ

7 entries

What is YMTC?

YMTC (Yangtze Memory Technologies) is China's leading 3D NAND flash memory manufacturer, founded in July 2016 in Wuhan as a subsidiary of Tsinghua Unigroup with US$24 billion in total investment. The company pioneered the Xtacking architecture for vertical NAND flash and became the first Chinese company to mass-produce 232-layer 3D QLC NAND, achieving an industry record density of 19.8 Gbit/mm2. YMTC holds approximately 11.8% of the Global NAND flash market by revenue and filed for an IPO on Shanghai's STAR Market in 2026 at an expected valuation of ~US$42 billion. The company was added to the US Entity List, restricting access to American semiconductor equipment.

What does YMTC make?

YMTC has 1 robot model on the DEPLOY registry: YMTC NAND (YMTC builds physical robots).

Where is YMTC headquartered?

YMTC is headquartered in Wuhan, China.

Where does YMTC operate robots?

YMTC is a robot manufacturer and does not directly operate deployments on the DEPLOY registry. Its products are deployed by customer operators; see the company page for the verified deployment record.

Is YMTC a top robotics company?

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, YMTC ranks in roughly the top 40% of companies tracked by the registry.

When was YMTC founded?

YMTC was founded in 2016.

Is YMTC safe?

YMTC has no incidents on record in the DEPLOY registry. This does not constitute a safety guarantee; it reflects the incidents DEPLOY has tracked and verified to date.