YMTC has been aggressively grabbing market share from its bigger rivals, overtaking Kioxia Holdings Corp. and Micron Technology Inc as the world’s third biggest NAND memory maker by shipment and trailing only South Korean juggernauts Samsung Electronics Co. and SK Hynix Inc., data compiled by market tracker Counterpoint Research shows. The growth was largely underpinned by providing memory used in AI data centers, a business it built almost from scratch two year ago, according to Counterpoint.
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