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Yangtze Memory Technologies' STAR Market IPO has been accepted, with plans to raise 33 billion yuan. According to an October 3, 2026 report by Huxiu, this proposed fundraising scale exceeds ChangXin Memory Technologies' 29.5 billion yuan, setting a record for the largest proposed fundraising on the STAR Market. The same report also mentioned that, by flash memory shipments, Yangtze Memory Technologies' market share reached 14% in the second quarter of 2026, rising to third globally for the first time and surpassing Kioxia and Micron; by revenue it still ranks fifth globally. The report also reviewed Wuhan's process starting in 2006 with the construction of the Wuhan Xinxin 12-inch production line, the National Memory Base landing in 2016 and the establishment of Yangtze Memory Technologies, and in 2022 Hubei Science and Technology Investment contributing 5.1 billion yuan to buy back the equity held by Tsinghua Unigroup. Currently, there are no subsequent factual developments in this matter.
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Yangtze Memory's STAR Market IPO to raise 33 billion yuan, setting a STAR Market recordDevelopments
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Yangtze Memory Technologies' STAR Market IPO accepted, plans to raise 33 billion yuan
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Oct 3
Huxiu
Yangtze Memory's STAR Market IPO to raise 33 billion yuan, setting a STAR Market record
Yangtze Memory's STAR Market IPO has been accepted, with plans to raise 33 billion yuan, surpassing ChangXin Memory's 29.5 billion yuan and setting the largest proposed fundraising scale on the STAR Market. By flash memory shipments, its market share reached 14% in the second quarter of 2026, rising to third globally for the first time and overtaking Kioxia and Micron; by revenue it still ranks fifth globally. The article reviews Wuhan's process from building Wuhan Xinxin's 12-inch production line in 2006, to the National Memory Base landing in 2016 and the founding of Yangtze Memory, and to Hubei Science and Technology Investment contributing 5.1 billion yuan in 2022 to buy back the equity held by Tsinghua Unigroup.