{"id":450024,"date":"2026-05-15T10:10:10","date_gmt":"2026-05-15T10:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/450024\/"},"modified":"2026-05-15T10:10:10","modified_gmt":"2026-05-15T10:10:10","slug":"memory-maker-kioxia-sees-8-2-billion-q1-profit-on-ai-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/450024\/","title":{"rendered":"Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">TOKYO, May 15 (Reuters) &#8211; Japanese memory chipmaker Kioxia said on Friday it expected \u200coperating profit for the April-June quarter \u200cto reach 1.3 trillion yen ($8.20 billion) as the \u200b<a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> boom boosts chip demand.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 The maker of NAND flash memory chips reported operating profit rose 92.7% to 870.4 billion \u200cyen in the \u2060year ended March, beating estimates.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Kioxia said it is preparing to \u2060list American depositary shares on a U.S. exchange to grow its investor base.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Its \u200bshare price \u200bhas more than \u200bquadrupled year-to-date, giving \u200cthe chipmaker a larger market capitalisation than Sony and Uniqlo parent Fast Retailing.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 The valuation of South Korean chipmaker Samsung Electronics has topped $1 trillion, with SK Hynix also \u200cclosing in on the \u200bmilestone.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Kioxia has seen \u200byears of upheaval \u200bincluding a carve-out from scandal-hit \u200cToshiba by a Bain \u200bCapital-led consortium \u200band a listing in Tokyo in late 2024.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Memory makers have large capital \u200bneeds and \u200chave been exposed to volatile price \u200bcycles.<\/p>\n<p class=\"yf-1fy9kyt\">($1 = 158.4600 yen)<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Sam Nussey; \u200bEditing by Muralikumar Anantharaman)<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO, May 15 (Reuters) &#8211; Japanese memory chipmaker Kioxia said on Friday it expected \u200coperating profit for the&hellip;\n","protected":false},"author":2,"featured_media":450025,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,195505,67971,80],"class_list":["post-450024","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-kioxia","tag-operating-profit","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/450024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=450024"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/450024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/450025"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=450024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=450024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=450024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}