Kioxia – Japan's NAND specialist plans US listing and shines with AI business!
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Kioxia is heading towards a US listing as profits soar due to AI demand. An operating profit of around $8.2 billion USD is expected for the first quarter. However, after a 300% price increase this year, there are cyclical risks in the storage market. Tokyo stock star targets Wall Street The Japanese memory chip manufacturer Kioxia is bringing fresh air to the US stock market. As the company explains in an investor statement, it is preparing for a listing of American Depositary Shares on a US exchange – aiming to "broaden the investor base...
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