Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom

Andreea Neblea

TOKYO, May 15 : Japanese memory chipmaker Kioxia said on Friday it expected operating profit for the April-June quarter to reach 1.3 trillion yen ($8.20 billion) as the artificial intelligence boom boosts chip demand. • The maker of NAND flash memory chips reported operating profit rose 92.7 per cent to 870.4 billion yen in the year ended March, beating estimates. • Kioxia said it is preparing to list American depositary shares on a U.S. exchange to grow its investor base. • Its share price has

Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom https://www.channelnewsasia.com/ - 12:22

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Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom https://www.channelnewsasia.com/ - 12:22