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Kioxia Plans U.S. Listing as Record Q1 Profit Hits 596.8B Yen

GateNews
Stocks
ON0.05%
MAY-0.08%
CHIP3.42%
According to Jin10, Kioxia announced plans for a U.S. listing on May 15, as the Japanese memory chip maker reports record operating profit of 596.8 billion yen ($3.73 billion) for the quarter ended March. The company expects operating profit of 1.3 trillion yen ($8.2 billion) for the quarter ending June, surpassing analyst expectations. The surge reflects heightened demand for memory chips driven by hyperscale data center operators building AI infrastructure. Kioxia's stock has risen approximately 300% since the start of 2026.
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