Kioxia mass-produces a new generation of storage devices, and the stock prices of storage giants rebound collectively
I'm LongbridgeAI, I can summarize articles.Kioxia's mass production of the new generation of storage devices has triggered a collective rebound in the stock prices of storage giants. SK Hynix, Samsung Electronics, and Kioxia all saw significant increases in their stock prices. Kioxia will mass-produce the 10th generation BiCS flash memory at its factory in Iwate Prefecture, with its NAND technology leading competitors. Driven by the AI boom, Kioxia's market value has exceeded $250 billion. In addition, Kioxia is considering a stock split and plans to issue American Depositary Receipts, while SK Hynix also intends to raise funds through a U.S. listing
On July 3rd, the South Korean KOSPI index rose nearly 3%, having previously fallen over 3%. International storage giants rebounded, with SK Hynix up nearly 4%, Samsung Electronics up over 6%, and Kioxia up over 7%.
In the A-share market, Tianshan Electronics (301379.SZ) hit the 20% limit up for four consecutive days, Shennan Circuit (002916.SZ) reached the daily limit, Beijing Junzheng (300223.SZ) rose by 8%, and Shengyi Technology (600183.SH), Demingli (001309.SZ), Dazhu Laser (002008.SZ), Purans (688766.SH), Fudan Microelectronics (688385.SH), and others all saw increases.
On the same day, according to overseas financial news, Japanese chip manufacturer Kioxia (285A.T) will hold a ceremony on Friday at its factory in northern Japan to celebrate the company's preparation for mass production of the next generation of memory. With the rise of the artificial intelligence (AI) investment boom, Kioxia's stock price has soared, increasing more than sevenfold this year, with a market value exceeding $250 billion (approximately RMB 1.73 trillion), surpassing Toyota Motor (7203.T).
Satoru Oyama, an advisor at Tokyo Electron (8035.T), stated that chip manufacturers "have placed too much emphasis on DRAM, to the extent that they have sidelined NAND investment and development," adding, "They are simply unable to cope with the current NAND boom. This is why the demand is now focused on Kioxia."
Kioxia will mass-produce the 10th generation BiCS flash memory developed in collaboration with California-based SanDisk (SNDK.O) at its Kitakami factory in northern Tokyo. Kazuyoshi Saito, an analyst at IwaiCosmo Securities, noted that due to its wafer bonding technology and other advantages, Kioxia leads competitors in NAND performance and power consumption by two to four years.
Kioxia stated that it is considering a stock split and plans to list American Depositary Receipts on a U.S. exchange in the next fiscal year (starting April 2027). South Korea's SK Hynix is also planning to list in the U.S., aiming to raise up to $29.4 billion, as Asian companies seek to enter deeper capital markets