Yangtze Memory Technologies Co., Ltd. is a state-owned enterprise in terms of its shareholding, but its major shareholder, Unisplendour Corporation, is not a state-owned enterprise, but the State-owned Assets Supervision and Administration Commission (SASAC) has a great deal of say in its management.
Furthermore, Yangtze Memory claims to be learning from the management models of mature foreign semiconductor companies, but in reality, it still leans towards the management style of state-owned enterprises.
The company with the strongest technological capabilities under Tsinghua Unigroup is currently H3C, whose servers account for a large proportion of the back-end systems of financial institutions.
H3C has more servers than listed companies like Sugon and Inspur.
Of course, it still can't compare to Huawei.
The future prospects for Yangtze Memory Technologies (YMTC) are even better. After all, there are several domestic competitors in the server industry, while the storage industry is dominated by a single player.
Some might say that Huawei's Kunpeng storage is also a form of storage.
There are still significant differences between the two. What Hua Wei is making is called a storage server, such as NAS or SAN storage servers.
Yangtze Memory Technologies Co., Ltd. (YMTC) focuses solely on storage: hard drives, specializing in enterprise-grade storage hard drives.
Yangtze Memory's hard drives can be used in Huawei's storage servers.
There are also some domestic storage manufacturers that focus on personal PC business, such as memory and solid-state drives.
Yangtze Memory Technologies Co., Ltd. (YMTC) also makes solid-state drives (SSDs), but they have a prefix: commercial-grade SSDs or enterprise-grade SSDs.
In terms of both profit and revenue in the storage industry, Yangtze Memory Technologies Co., Ltd. (YMTC) is undoubtedly number one in China in the highest-profit segment: enterprise-grade solid-state drives.
Guan Yang is a senior executive at Yangtze Memory Technologies Co., Ltd., and one of the higher-ranking executives within the company.
He was promoted from the technical department to vice president, but after becoming vice president, he was mainly in charge of sales.
With a rich resume, Guan Yang is a veteran in the storage industry. Before that, he was a researcher in the field of storage at the Chinese Academy of Sciences. He has been deeply involved in everything from R&D to production and sales.
He was transferred from Yangtze Memory Technologies Co., Ltd. to Beijing to serve as the chairman of DeepBlue Memory, directly appointed by the State-owned Assets Supervision and Administration Commission.
If the person presenting the appointment letter hadn't been a leader from the State-owned Assets Supervision and Administration Commission, Guan Yang wouldn't have believed he would be transferred to a newly established storage manufacturer.
"Could you reveal what Deep Blue Storage does? Storage servers? Is it a newly established domestic downstream manufacturer that works in conjunction with Yangtze Memory Technologies?"
Guan Yang's face was full of curiosity. Sincerity was his best marketing tactic. Every time he talked to a major client, he would seriously analyze the advantages and disadvantages of Yangtze Memory's products.
The other party was just informing us and didn't know the details: "I can only say that becoming the chairman of DeepBlue Memory is obviously a better position for you than one at Yangtze Memory in some respects."
"But I don't know your personal thoughts."
Guan Yang grasped the key point in the other party's words: "From a certain perspective? Could you please explain in more detail?"
The other party also expressed interest in befriending Guan Yang: "DeepBlue Storage is a central state-owned enterprise, directly managed at the national level, which is a leap forward in terms of level."
The chairman of a top-tier state-owned enterprise might come in handy someday; even just revealing some information can have a significant impact.
Guan Yang knew that given his relationship with the other party, this was the limit of what he could reveal, so he didn't pry any further: "Thank you for the organization's trust. I will definitely work hard and make something of myself."
But he couldn't suppress his doubts. After the other person left, he sat in his office and wrote on a piece of paper:
"Deep Blue Storage, a first-tier central state-owned enterprise, directly managed by the state"
Then I stopped writing and began to think carefully in my mind.
DeepBlue Storage contains storage, and combined with his own resume and background, it can be concluded that this company is clearly a storage vendor.
I just don't know which specific sub-sector of storage it refers to.
“Deep Blue Storage is clearly not in the business of enterprise-grade solid-state drives, because there is already Yangtze Memory Technologies Co., Ltd. (YMTC), so there is no need to set up another one, especially since it is directly managed by a central state-owned enterprise. Even YMTC does not have this kind of treatment.”
Or rather, there's no need for it.
China has established a national key fund specifically for the semiconductor industry to support domestic semiconductor companies, primarily through financial assistance.
"China has never directly participated in the operation of semiconductor companies in recent years."
Because of the unique nature of the semiconductor industry—high investment and long return cycle—it is difficult for laypeople to judge the specific progress.
Solid-state drives (SSDs) also belong to the semiconductor industry.
Therefore, at most, they hold shares in some semiconductor companies indirectly or directly.
The most famous example is SMIC, which is indirectly held by the State-owned Assets Supervision and Administration Commission (SASAC) and directly held by state-owned enterprises under SASAC.
Yangtze Memory Technologies Co., Ltd. (YMTC) uses a similar approach.
However, the newly established DeepBlue Storage is directly held by the State-owned Assets Supervision and Administration Commission, and Guan Yang, a veteran in the storage industry, realized that something was amiss.
However, there have been too many abnormal things in the past two years, but these abnormalities are within the range of tolerance.
After all, magic has already come out, so the government directly holding shares in Yangtze Memory is a minor matter.
The existence of magic has caused extremely volatile gold prices in the past two years, while BTC has ushered in a two-year bull market.
"This is very abnormal."
"It's most likely a storage server, but Huawei is doing quite well with theirs, so why would they suddenly want to make storage servers?"
Huawai's storage servers are indeed well made. Although the failure rate is higher than Dell EMC, Huawai is also cheaper.
The price plus maintenance costs is only one-third of EMC's.
"And most importantly, I haven't heard of anyone going to DeepBlue Storage. None of the R&D people I know have left the company."
Guan Yang knows researchers in the storage industry, ranging from R&D supervisors to key R&D personnel.
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