Search results for Kioxia
Industry
Google TurboQuant sparks memory chip selloff, shocking Hynix and Samsung investors
Google unveiled TurboQuant, a technology that can improve memory-use efficiency for AI models by up to six times, prompting investors to take profits on fears of weaker demand for high-end memory chips. Memory chip stocks fell across markets, with SK Hynix and Samsung Electronics sliding about 6 percent and nearly 5 percent in Korea. Analysts said the drop also reflected profit-taking after sharp gains, while some argued long-term demand remains supported.
Industry
U.S., Japan, Korea NAND group to invest 3.5 trillion won in Taiwan\'s Nanya Tech to secure DRAM
A DRAM shortage driven by surging AI demand is leading NAND makers to invest directly in DRAM producers to lock in supply. Taiwan\'s Nanya Technology raised about $2.5 billion in a private placement from SanDisk Technologies, Solidigm, Cisco Systems and Kioxia. SanDisk and Kioxia also signed long-term DRAM supply agreements with Nanya. Nanya plans to use the funds for advanced DRAM plant facilities and equipment.
AI & Enterprise
SanDisk shares soar 976% in five months, emerging as AI beneficiary
SanDisk has emerged as an AI beneficiary after being viewed as an unremarkable NAND flash memory maker until mid-last year. Its shares have surged 976% in five months as AI-related data storage demand swelled from September, driving sharp rises in NAND and DRAM prices. The company, spun off from Western Digital in February, gained from cost competitiveness via a joint venture with Japan’s Kioxia. It reports quarterly results on Jan. 29 local time.
