# Yangtze Memory starts construction of $24B memory fab in Wuhan

Yangtze Memory Technologies Co. (YMTC), backed by Tsinghua Unigroup and others, broke ground on a national memory base project in Wuhan, China, with a total investment of $24 billion. The facility will produce 3D NAND flash memory, with initial production expected in 2018 and full completion by 2020.

- Type: New facility
- Announced: 2016-12-30
- Where: Wuhan, Hubei, China
- Value: $24.0B
- Starts operating: 2018
- Status: under construction
- Capacity: 300,000 wafers per month by 2020
- Products: 3D NAND flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Yangtze Memory Technologies Co.](https://endata.com/companies/21075.md)
- [Tsinghua Unigroup](https://endata.com/companies/19494.md) (investor)
- [National Integrated Circuit Industry Fund](https://endata.com/companies/21076.md) (investor)

## Sources

- [chinaflashmarket.com](https://chinaflashmarket.com/a/155703), 2016-12-30: "今日，由紫光集团联合国家集成电路产业基金、湖北省地方基金、湖北省科投共同投资240亿美元建设的国家存储器基地项目正式动工，2018年建成投产，2020年完成整个项目。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.