Memory chip maker Kioxia reported record Q4 earnings of $3.8B and forecasts Q1 operating profit of $8.2B, announcing plans for a US stock listing. The company's shares have surged 300% year-to-date.
Kioxia Holdings, a Japanese semiconductor manufacturer, disclosed record fourth-quarter results as it capitalizes on strong demand for memory chips. The company projects Q1 operating profit to reach approximately $8.2B, signaling continued momentum in the sector.
The planned US listing represents a significant milestone for Kioxia, which previously exited a listing process in 2022. The move underscores investor appetite for semiconductor companies amid global chip demand and AI infrastructure expansion.
Kioxia's stock performance has made it one of the world's best-performing major equities this year. The company manufactures NAND flash memory and 3D NAND technology used in data centers, smartphones, and consumer electronics.
The timing of the US listing announcement follows improved profitability across the memory chip sector after a 2023 downturn. Details regarding listing timeline and size remain pending.
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