The growth of AI has fueled a remarkable turnaround for Kioxia, which was previously seen as an example of Japan's chipmaking struggles but whose stock price has surged more than sevenfold this year to a market capitalisation over $250 billion, exceeding Toyota Motor's.

KITAKAMI, Japan, July 3 : Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins shipping…

TOKYO, July 3 : Kioxia will on Friday hold a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, prepares to mass…

Japanese manufacturer's edge over Samsung, SK falls from 2 years to 1