Opens in a new tab

Breaking news

YMTC Rises To Third In Global NAND Shipments, Surpassing Micron And Kioxia

China’s Yangtze Memory Technologies (YMTC) is gaining ground in the global NAND memory market, reaching third place by shipments in the second quarter, according to Counterpoint Research.

YMTC captured 14% of global NAND shipments, putting it behind South Korea’s Samsung and SK hynix but ahead of U.S. chipmaker Micron and Japan’s Kioxia.

YMTC Strengthens Its Position

NAND memory retains data when devices are powered off and is widely used in smartphones, computers and storage products. Demand is rising as the need for data storage grows, although NAND is generally slower and less expensive than DRAM.

Counterpoint Research Director MS Hwang expects YMTC to extend its lead over Kioxia in 2027 and 2028. He also said manufacturers need roughly 15% market share to generate enough cash to fund future capital investment.

YMTC had briefly overtaken Kioxia a year ago before falling behind again. Its return to third place therefore marks an important shift in the competitive landscape.

China’s Memory Sector Expands

YMTC is preparing for a potential listing in mainland China, following the successful debut of Chinese DRAM maker CXMT in July.

CXMT held 7% of the global DRAM market in the second quarter, placing fourth behind Samsung, SK hynix and Micron, according to Counterpoint’s DRAM report.

Despite its shipment gains, YMTC still trails Micron and Kioxia in NAND revenue because its business remains more focused on consumer products than data centers. Counterpoint expects data centers to account for around half of NAND demand by the end of 2026.

Meanwhile, SK hynix is reportedly preparing to resume investment at its Dalian facility in China after a four-year pause, potentially boosting production capacity.

Cyprus Loan Growth Accelerates To 14% In September

Lending in Cyprus accelerated in September, with the annual growth rate of total loans reaching 14%, up from 11.8% in August. Deposits also recorded a stronger monthly increase, according to the Central Bank of Cyprus (CBC).

Total deposits rose by a net €697.1 million to €60.2 billion at the end of September. Total loans increased by €857.8 million to €29.6 billion, according to the CBC’s October 2026 Monetary and Financial Statistics.

Deposit Growth Strengthens

Deposits recorded a monthly increase of €697.1 million, more than four times the €171.5 million rise in August. However, the annual growth rate remained unchanged at 6.5%.

Deposits held by Cyprus residents increased by €639.9 million. Household deposits rose by €93.8 million, while deposits held by non-financial corporations grew by €373 million. Other domestic sectors contributed a further €173.1 million.

Annual Loan Growth Reaches 14%

Total loans increased by a net €857.8 million in September, compared with €114.6 million in August. The annual growth rate accelerated to 14%, up from 11.8% a month earlier.

Lending to Cyprus residents rose by €470.8 million. Loans to households increased by €52.2 million, while lending to non-financial corporations grew by €110.1 million. Other domestic sectors recorded a larger increase of €308.5 million.

The figures cover deposits and loans held by monetary financial institutions in September 2026.

The Future Forbes Realty Global Properties
eCredo
Uol
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter