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.