2 billion) through new share placements, with every dollar earmarked for artificial intelligence infrastructure. The move landed alongside CCSH Corporation, the parent company of chip manufacturer Yangtze Memory Technologies Co. Advertisement Combined, that is more than $15 billion in fresh equity supply hitting a market already navigating uncertainty around Chinese tech valuations. The NAND flash memory maker reported Q1 2026 revenue of 47 billion yuan, nearly five times its year-ago figure. 4 billion yuan for the quarter, a number driven almost entirely by surging AI-related demand for memory chips.