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
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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
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Chip supplier says 'strength of the flash memory market is expected to continue'

Investors push company's value above 30tn yen threshold, or $188bn

AI boom raises memory maker's stock price 56-fold in 18 months

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

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