[BUSINESS]■ STORY TIMELINE

YMTC TARGETS $5B IPO, AIMS FOR NAND FLASH DOMINANCE

Chinese chipmaker YMTC plans to raise $5 billion in a Shanghai IPO while targeting the position of world's largest NAND flash supplier by 2027, according to sources cited by the Financial Times.

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Sources: YMTC, which seeks to raise $5B in an IPO, told investors in IPO prep meetings that it aims to become the largest NAND flash supplier by the end of 2027 (Financial Times)

Financial Times: Sources: YMTC, which seeks to raise $5B in an IPO, told investors in IPO prep meetings that it aims to…

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