Chinese chipmaker’s $4.9b IPO could accelerate enterprise SSD push, while adding pressure to commodity NAND prices

Seoul [South Korea], August 27 (ANI): Yangtze Memory Technologies, China’s largest maker of NAND flash memory, has crossed a threshold where Samsung Electronics and SK hynix can no longer dismiss it as a low-end challenger, The Korea Herald reported on Thursday.

Yangtze Memory Technologies, China’s largest maker of NAND flash memory, filed on Aug. 21 for a Shanghai initial public offering that could raise about $4.9 billion, less than two weeks after Counterpoint Research put it at 14 percent of global NAND shipments in the second quarter,