Chinese chip firms gain share as AI memory demand rises: Study

Chinese memory chipmakers are gaining market share as demand for AI-related memory chips rises globally, according to Jefferies. NAND flash maker YMTC and DRAM producer CXMT, both makers of computer memory chips, are advancing plans for an IPO. YMTC accounted for 13% of the global NAND flash market in Q1 of 2026, highlighting China's growing presence in the sector.