Yangtze River Storage to make 3D NAND chips in Q1 2018

Posted on Wednesday, March 15 2017 @ 13:10 CET by Thomas De Maesschalck

Yangtze River Storage Technology (YMTC) CEO Simon Yang revealed the company is on track to start production of 3D NAND flash memory in Q1 2018. This is a new player with financial backing from the Chinese government, its goal is to catch up with world's leading memory vendors by 2020.

YMTC is engaged in the development of 32-layer 3D NAND flash chips, which will be in full production in 2019, according to Yang. The company aims to catch up with the world's leading memory vendors, in terms of technology, by 2020, Yang noted.

NAND flash demand is set to grow robustly driven by cloud computing and smart terminals, Yang said. Meanwhile, the China market has huge potential for growth, Yang indicated.

More info at DigiTimes.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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