The contract market growth slows into a plateau due to weak terminal demand and high costs, while the spot market stabilizes amidst cautious sentiments and low trading volumes. Despite escalating geopolitical sanctions, YMTC successfully breaks through bottlenecks by upgrading technologies, expanding capacity, and pivoting strategic focus. This effectively fulfills local consumer demand and consolidates the foundation of a self-sufficient Chinese semiconductor supply chain.

Key Highlights

• Market Trends: Contract price growth is flattening into a plateau due to squeezed brand margins and weak macroeconomic demand. Spot prices have stabilized on cost support, but actual trading volumes remain subdued as buyers maintain a conservative and defensive stance.
• Tech & Capacity: YMTC's primary advanced process has seen major yield improvements, while its next-generation products are actively in development. Driven by new fab production and rising yields, its impressive bit growth rate has significantly pushed up its global market share.
• Strategy & Supply: Restricted by controller technology constraints, YMTC shifted focus to supplying high-quality enterprise-grade NAND particles to domestic cloud service providers and expanding AI-targeted storage components. As international rivals pivot to high-end server fields, YMTC secures the stability and self-reliance of the domestic Chinese semiconductor supply chain.

Table of Contents

1. Market Update
2. TrendForce’s View
   • Output Shares of Global Suppliers

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