Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom
Kioxia's logo is pictured on a building in Kitakami, Japan November 05, 2024. REUTERS/Sam Nussey
15 May 2026 03:33PM
Bookmark Bookmark Share
TOKYO, May 15 : Japanese memory chipmaker Kioxia said on Friday it expected operating profit for the April-June quarter to reach 1.3 trillion yen ($8.20 billion) as the artificial intelligence boom boosts chip demand. • The maker of NAND flash memory chips reported operating profit rose 92.7 per cent to 870
Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom
Kioxia's logo is pictured on a building in Kitakami, Japan November 05, 2024. REUTERS/Sam Nussey
15 May 2026 03:33PM
Bookmark Bookmark Share

Kioxia Holdings, a maker of memory chips, was “barely noticed” when it went public one year ago.

The proliferation of AI increases demand for Micron's DRAM and NAND nodes and other memory technology, according to D.A.…

Kioxia is spinning up more manufacturing capacity, but relief will come slowly.

South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.

The AI boom is worsening a global memory chip shortage, which Samsung predicts will continue into 2027

Micron said it expects the total addressable market for high-bandwidth memory to hit $100 billion by 2028.