Hong Kong, June 6 -- Chinese memory chipmakers are emerging as a growing challenge to global semiconductor leaders as they move ahead with public listings and rapidly expand their market presence amid the artificial intelligence (AI) boom, according to Jefferies' latest GREED & fear report.

The report highlighted that China's leading NAND flash maker, Yangtze Memory Technologies Corp (YMTC), and top DRAM producer, ChangXin Memory Technologies (CXMT), are advancing their IPO plans at a time when demand for AI-related memory chips is surging globally.

Jefferies noted that YMTC has already begun its mainland A-share listing process and is expected to submit its formal application as early as mid-June.

The report said YMTC's revenue "excee...