Kioxia Holdings’ market value has fallen to one-third of its peak, reached four months prior, amid rising competition from Chinese semiconductor rivals. The decline reflects broader challenges in Japan’s memory chip sector as new competitors gain market share. Kioxia, a key player in flash memory and storage solutions, now faces intensified pressure in global supply chains.
Toshiba plans to double production capacity for hard-disk drives used in AI data centers by fiscal 2027, compared with 2025 levels, as AI demand for data storage grows. The plan includes expanding its Philippine plant and increasing storage capacity per unit. It marks Toshiba’s first major investment in its hard-disk drive business in about five years.
Kioxia Holdings Corp. is considering raising at least $10 billion through a 2027 U.S. listing of American depositary receipts. The Tokyo-based memory maker is weighing the offering as it seeks liquidity after billions in share buybacks, according to people familiar with the matter.
Shares in SoftBank, Kioxia, SK Hynix, Minimax, and Z.ai fell more than 5% as AI-linked stocks across Asia dropped after US technology leaders called for slowing AI development. The leaders warned of risks from rapid development, and AI-linked stocks across the globe plunged on Monday.
