Threat to the monopoly of American companies

China’s memory chip industry has reached a major milestone as it moves towards global self-sufficiency in technology.

China’s securities regulatory authority has confirmed that the country’s leading chipmaker Yangtze Memory Technologies has successfully completed the tutoring filing registration process for its initial public offering (IPO).

The suspended review process for another major company, Changxin Memory Technologies, has been resumed for listing on the Star Market. The financial results behind these two companies’ breakthroughs are both astonishing and extraordinary.

Changxin Memory Technologies achieved record revenue of 50.8 billion yuan (US$7.5 billion) in the first quarter of 2026, a remarkable and historic increase of 719% year-on-year after a net loss during the same period last year.