Yangtze Memory Technologies (YMTC) is on track to start mass production of its 3D NAND flash memory chips by the end of this year. Yangtze Memory is a new player in the flash industry, the company is backed by China's state-owned Tsinghua Unigroup. A ceremony to celebrate the move-in at its 300mm plant in Wuhan, China was held on April 11.
This facility has a 3D NAND flash capacity of up to 300,000 wafers per month. DigiTimes writes Yangtze Memory just scored its first 3D NAND chip order too:
Yangtze Memory Technologies (YMTC) under China's state-owned Tsinghua Unigroup has obtained its first orders for commercial production of over 10,000 3D NAND flash chips for use in 8GB SD memory cards, according to Charles Kau, acting chairman of YMTC and executive VP of Tsinghua Unigroup.
A total of 10,776 32-layer 3D NAND chip orders has been placed with YMTC, said Kau, adding that the company will kick off volume production of the chips around the end of 2018.
The entry of a new player is expected to put further downward pressure on NAND flash memory.