The Chip Boom's Unexpected Beneficiary: Kioxia's Bid for US Listing The memory chip market has been driven by artificial intelligence data centers' insatiable appetite for storage solutions.
While Samsung and SK Hynix have dominated the headlines, a lesser known player has quietly reaped the benefits of this trend: Kioxia, a Japanese company planning its first American Depositary Shares (ADS) listing.
Kioxia's growth appears anomalous at first glance, with its stock surging by 300% in Tokyo trading this year.