Yangtze Memory Technologies Valuation, Funding & Investors

Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company’s memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia’s revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.

SJ Semiconductor Corp is engaged in mid-stage silicon wafer processing and back-end packaging business in the packaging and testing industry for integrated circuits.

Piotech Inc is engaged in the research and development, production, sales, and technical services of high-end semiconductor special equipment. The company provides three main product lines: Plasma Enhanced Chemical Vapor Deposition (PECVD) equipment for thin film formation in memory chip production, Atomic Layer Deposition (ALD) equipment for logic chip manufacturing, and Sub-Atmospheric Chemical Vapor Deposition (SACVD) equipment for wafer fabrication.

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, which remains its controlling shareholder today. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and has about 13,000 staff.

Shanghai Enflame Technology Co Ltd is engaged in the research, design and sales of cloud-based AI chips and related products.

Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA.

Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.

Shennan Circuits Co Ltd is engaged in research and development, production, and sales of printed circuit boards, packaging substrates, and electronic assembly products.

Global Unichip Corp is engaged mainly in researching, developing, producing, testing, and selling of embedded memory and logic components for various application ICs, cell libraries for various application ICs, and EDA tools for various application ICs. It provides APT technology, design solutions, and related services intended to support performance and reliability for clients across competitive markets. The company derives revenue from the sale of its products.

Hon Precision Inc is engaged in the design, manufacture, and sales of semiconductor automation equipment. The company focuses on equipment used in integrated circuit (IC) testing and handling, including final test (FT) handlers, system-level test (SLT) handlers, burn-in ovens, and temperature control solutions, along with related equipment and services.

GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.

Entegris is a leading supplier of purification solutions and advanced materials. The vast majority of sales are to the semiconductor industry. The majority of revenue comes from semiconductor fabricators, but the company sells to all areas of the semiconductor manufacturing supply chain including equipment and engineering, chemicals and materials, and distributors. Entegris specializes in materials science and materials purity, both of which are crucial in the semiconductor manufacturing process.

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.

Etched is a privately held artificial-intelligence hardware company building chips and rack-scale systems for model inference. It co-designs custom accelerators, interconnects, memory systems, cooling, software and manufacturing processes for large transformer and mixture-of-experts workloads. The company's Sohu architecture is designed specifically for transformer inference rather than general-purpose graphics processing. Etched targets cloud providers, model developers and other enterprise customers that require high throughput, low latency and lower power consumption when serving artificial-intelligence models. Its operations include engineering and prototyping work in San Jose as well as manufacturing activity in Taiwan. The business has assembled a team with experience from semiconductor, cloud-computing and artificial-intelligence companies. Etched expects to earn revenue from sales of chips, accelerator cards, racks and associated computing systems rather than from consumer subscriptions or advertising.

Fractile is a London-based startup that designs specialized AI inference chips using an in-memory compute architecture built to run large AI models faster and more cheaply than conventional GPUs. Founded in 2022, the company targets up to 100 times faster model execution and 10 times lower costs, or 20 times better performance per watt, and has hired senior engineers from Nvidia, ARM, and Imagination. Fractile positions its hardware to compete with the GPU-based AI infrastructure of incumbents such as Nvidia.

PsiQuantum is a quantum computing company that builds fault-tolerant, utility-scale quantum computers on photonic qubits. It was founded by Jeremy O'Brien, Terry Rudolph, Peter Shadbolt and Mark Thompson, who developed the approach as academics in the United Kingdom. The company manufactures its silicon photonic chips in a commercial semiconductor foundry, GlobalFoundries, rather than in a research fab, and designs the cryogenic cooling, networking and control systems needed to link very large numbers of qubits. It is headquartered in Palo Alto, California, and is building large quantum computing sites in Brisbane, Australia and Chicago, Illinois. Customers and partners are governments, national laboratories and large enterprises that want access to quantum machines for chemistry, materials science, drug discovery and other simulation work. The company earns money from government agreements and development contracts and expects to sell access to its systems once they are commercially useful.

Ayar Labs is a silicon photonics company that develops optical I/O chiplets and co-packaged optics for AI and high-performance computing systems. Its TeraPHY optical engines replace copper electrical links between processors, memory and other chips with light-based connections, aiming to cut power use and raise bandwidth in AI data centers. The company was founded in 2015 and is based in San Jose, California. Chip designers and manufacturers including AMD, NVIDIA, Intel, GlobalFoundries, Alchip and MediaTek are investors or technology partners. Ayar Labs closed a 500 million dollar Series E led by Neuberger Berman in March 2026 at a valuation of 3.75 billion dollars and added 150 million dollars in September 2026, bringing primary capital raised in 2026 to 650 million dollars. It reported total funding of 870 million dollars after the March round.