Kioxia

Hiroo Ota, CEO of Kioxia, said a deeper production cooperation with SK Hynix is ruled out due to antitrust concerns and complications with existing joint plants with SanDisk. Kioxia wants to counter further strong price increases in NAND flash, as these could endanger long-term demand in the AI sector. Kioxia and SanDisk plan investments of over ¥5 trillion in joint plants, while SK Hynix is pursuing independent expansion plans in Korea and a packaging facility in Indiana; SK Hynix also holds convertible bonds that could amount to a 14.19% stake in Kioxia. » Altro su de.investing.com

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. » Altro su 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. » Altro su finanzen.net