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YMTC thrives in China amid US sanctions

Despite pressure from US technological sanctions, insiders from the supply chain have disclosed that Yangtze Memory Technology Corporation (YMTC) is capitalizing on its strong presence in the Chinese market. Riding high on the Chinese market’s growing momentum towards tech indigenization over the past year, the demand for YMTC’s products has surged to such an extent that most of their inventory is now already reserved by smartphone vendors and assembly plants. Future expectations even point towards improved yield rates and an entry into enterprise-level storage and data centers for the Chinese NAND manufacturer.