According to news released on February 1 by the government website of Xinzhou District, Wuhan, the third trillion-level project of Wuhan's integrated circuit industry—Yangtze Memory's third phase plan is set to be completed and put into production this year, which will drive the gathering of 200 upstream and downstream enterprises.
At the construction site of the Yangtze Memory third phase project, machines are roaring, tower cranes are standing tall, and workers are installing giant cleanroom equipment.
Yangtze Memory was established in July 2016 and is a leading enterprise in China's memory chip manufacturing sector, mainly providing the market with 3D NAND flash memory wafers and chips, embedded storage chips, as well as consumer-grade and enterprise-grade solid-state drives and other products and solutions.
In December 2021, Yangtze Memory's second-phase technology limited liability company was established with a registered capital of 60 billion yuan. In September 2025, Changchun Phase III (Wuhan) Integrated Circuit Limited Liability Company was established with a registered capital of 20.72 billion yuan.
In November last year, Nikkei Asia cited industry sources stating that by 2025, Yangtze Memory's share of global production capacity is expected to be around 7% to 8%. If the third phase expansion is completed as planned, Yangtze Memory is expected to capture over 10% of the global market share by 2026 and may surpass American memory chip giant Micron to become the fourth largest memory chip manufacturer in the world.
In the same month, Hubei Daily reported that Hubei Provincial Party Secretary Wang Zhonglin visited the construction site of the Yangtze Memory third phase project to inspect the progress of the main factory construction and listen to the introduction of the company's future development plans.
He emphasized that Yangtze Memory is a major productivity layout project of the country and a &#34;national heavy weapon&#34; for achieving high-level technological self-reliance and strength. The construction must be meticulously organized, and all efforts should be made to ensure project construction service and guarantee work, ensuring the project is completed, put into production, and achieves results as early as possible.
Hubei Provincial Party Secretary Wang Zhonglin visited the construction site of the Yangtze Memory third phase project.
Wang Zhonglin also stated that storage chips, as the core hardware carrier of technologies such as artificial intelligence and cloud computing, are an important area of global technological competition. Yangtze Memory should adhere to planning guidance, follow the development idea of &#34;consolidating new advantages, opening up new fields, and accelerating the promotion of the new track of integrated computing and storage,&#34; scientifically formulate development plans, reasonably optimize spatial layout, and strive to build a world-class integrated computing and storage industry base.
&#34;We must insist on standing at the forefront, seize technological breakthroughs, and fully promote the research and design of next-generation flash memory chips, driving deep integration of technological innovation and industrial innovation, and cultivating and expanding new quality productivity. We must take advantage of the situation, seize opportunities to grow and strengthen scale capabilities, further improve the product matrix, actively explore domestic and international markets, and continuously enhance market share,&#34; he said.
Market research firm Omdia estimates that by 2025, Yangtze Memory's capital expenditure will be more aggressive than its global peers, accounting for about 20% of total global NAND flash investment, and is expected to continue to accelerate growth. Meanwhile, so-called informed sources claim that Yangtze Memory plans to use 50% of the third phase's capacity to produce DRAM memory chips, but this news has not been confirmed by the company.
As Yangtze Memory is fully expanding production, it coincides with the ongoing global AI computing power boom, which continues to drive demand for memory chips, placing the industry in a new growth cycle. Market research firm Counterpoint data shows that NAND flash prices are expected to rise by more than 40% in the first quarter of this year
According to QY Research's forecast, the global memory chip market sales will reach 1.584 trillion yuan by 2031, with a compound annual growth rate of 9.3% from 2025 to 2031.
In September last year, Yangtze Memory's parent company, Yangtze Memory Technology Co., Ltd., held the founding conference of its joint-stock company, which may indicate that its shareholding reform has been fully completed. In the latest &#34;2025 Global Unicorn List&#34; released by Hurun Research Institute, Yangtze Memory made its debut with a valuation of 160 billion yuan, ranking 9th among China's top ten unicorns and 21st globally, becoming the highest-valued new unicorn in the semiconductor industry.
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Yangtze Memory's third-phase project is scheduled to be completed and put into production in 2023, and it is expected to attract 200 upstream and downstream enterprises. Yangtze Memory was established in 2016 and is a leading company in China's memory chip manufacturing, primarily providing products such as 3D NAND flash memory. If the third-phase expansion is completed as planned, it is expected to account for over 10% of the global market share by 2026, potentially surpassing Micron to become the fourth-largest memory chip manufacturer in the world. Wang Zhonglin, Secretary of the Hubei Provincial Committee, emphasized the importance of this project and called for full efforts to promote its construction

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The installation of equipment is in progress, and Yangtze Memory Technologies' third phase will be put into production this year