Yangtze Memory Technologies Corp. (YMTC), founded in 2016 and headquartered in Wuhan, Hubei, China, has raised over $1.3 billion through strategic capital injections from Wuhu Wenming Quanhong Investment Management and numerous state-linked financial investors. The company specializes in NAND flash memory and solid-state storage manufacturing using proprietary Xtacking architecture. After its 2025 capital injection, YMTC’s valuation reached approximately $22–23 billion. With a focus on expanding manufacturing capacity and advancing domestic semiconductor technology, the company underpins China’s efforts to strengthen its global memory chip presence and supply chain autonomy.