Yangyuan Zhihui invested 1.6 billion in Yangtze Memory's parent company

Hebei Yangyuan Zhihui Beverage Co., Ltd. recently announced that it has made a strategic investment of RMB 1.6 billion in Yangtze Memory Technologies Holdings Co., Ltd. (YMTC). After the transaction is completed, Quanhong Investment, which it controls, will hold a 0.99% stake in YMTC. As the only domestic supplier of 3D NAND flash memory, YMTC's "Xtacking" technology has achieved multiple generations of upgrades, and its products cover multiple fields such as smartphones and data centers. This investment will further promote YMTC's technology research and development and capacity expansion.