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Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates. Source: Photo by Sergei Starostin

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for artificial intelligence-related semiconductor stocks. The announcement comes as AI-driven demand continues to reshape the global memory chip market, boosting investor confidence in leading semiconductor companies.

According to reports, Kioxia also intends to evaluate a stock split to make its Tokyo-listed shares more affordable and accessible for retail investors. Chief Financial Officer Yoshihiko Kawamura shared the company's plans during its annual shareholders' meeting, noting that the U.S. listing is expected to take place shortly after the close of the company's fiscal year in March 2027.

Following the announcement, Kioxia's shares surged by as much as 15%, extending an impressive rally that has pushed the stock nearly 800% higher this year. The company reportedly aims to complete the U.S. offering between April and June 2027, viewing the move as an important milestone in strengthening its connection with the world's largest capital market.

Kioxia's decision follows similar plans by South Korean memory chip manufacturer SK Hynix, which recently announced its intention to pursue a U.S. listing. The semiconductor sector has also benefited from stronger-than-expected financial results from Micron Technology, further fueling optimism across global chip stocks as AI investment continues to accelerate.

As one of the world's leading NAND flash memory producers, Kioxia has become a major beneficiary of the AI investment cycle. Although NAND flash is not as essential to AI computing as high-bandwidth memory (HBM), demand for NAND products has increased alongside expanding data center infrastructure and improving sales of personal computers and smartphones.

Chief Executive Officer Hiroo Ota stated that AI-related demand remains exceptionally strong and emphasized that the broader recovery in the NAND flash market is also being supported by healthier PC and smartphone shipments. As AI adoption continues to grow worldwide, Kioxia is positioning itself to capitalize on rising demand while expanding its presence in international capital markets through its planned U.S. listing.

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