YMTC 128 Layer NAND is the first semiconductor where China is technologically competitive with the leading edge firms from the Western sphere of influence.
Yields are improving and the 2nd fab is being filled with equipment. Once that milestone is reached, the 3rd and 4th fab will be built simultaneously.
A thousand thanks for this, Dylan! Great work and a timely warning.
I have forwarded it to my subscribers (companies doing business with China) and will add this background: Though YMTC (a Tsinghua Unigroup spinoff) is headquartered in Wuhan, it continued operating normally during that city's lockdown, thanks to coordination of things like special HSR carriages for YMTC engineers, sanitized offices, and 24x7 individual medial monitoring.
The results, as you observe, are now about to permanently alter the NAND landscape...