From Nikkei Asia · · 40s
Japan's Kioxia Market Value Drops
Japan's Kioxia loses two-thirds of peak market value as Chinese chip rivals rise.
In brief
Japan's Kioxia loses two-thirds of peak market value as Chinese chip rivals rise. Japan's Kioxia Holdings market value fell to one-third of its peak after four months due to rising interest rates and Chinese competitors. Originally reported by Nikkei Asia.
Kioxia Market Value Drops
Japan's Kioxia Holdings market value has shrunk to one-third of its peak value in four months.
Rising Interest Rates Threaten Data Centers
Rising cost of data center debt poses a risk to memory supplier Kioxia.
Chinese Competitors Close In
China's CXMT emerges as a memory chip rival to challenge Kioxia's market position.
What it means
Japan's Kioxia Holdings market value fell to one-third of its peak after four months due to rising interest rates and Chinese competitors.
