Kioxia

Kioxia plans to accelerate its NAND flash technology to meet rising demand from the AI sector and to partially replace DRAM in certain applications. The goal is to use high-speed NAND to strengthen ties with US tech firms and differentiate its product offering from Chinese competitors. The strategy marks a realignment of the company in the memory market. » More on de.investing.com

Stock markets in East Asia showed mixed tendencies, with investors holding back ahead of a speech by Fed chair Kevin Warsh. Kioxia fell 8.8% after the company, together with Sandisk, announced an investment of more than $31 billion in their Japanese storage-chip joint venture. At the same time, mixed quarterly results from Marvell and profit-taking weighed on chip stocks such as Samsung Electronics and SK Hynix. » More on finanzen.net

Kioxia and Sandisk plan investments of more than $31 billion in Japan through 2032, subject to government support. The funds are intended to expand infrastructure at the Yokkaichi and Kitakami plants and to support the development and production of NAND flash memory to meet rising demand. Both companies emphasize their long‑standing joint‑venture relationship, prior investments of over $50 billion, and the extension of the framework agreement for Yokkaichi until 2034. » More on de.investing.com