Kioxia Holdings Corp Ordinary Shares

285A: XTKS (JPN)

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NAND Demand in AI Continues to Far Outpace Supply; We Now Expect a Higher and Longer Cycle Peak

Jing Jie Yu

May 18, 2026

Business Strategy and Outlook

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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Kioxia Holdings Corp Ordinary Shares

NAND Demand in AI Continues to Far Outpace Supply; We Now Expect a Higher and Longer Cycle Peak

Business Strategy and Outlook

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