[REVISION HISTORY]

Kioxia expands AI storage roadmap and targets US listing

Updated 14 times since CLSTR started tracking revisions of this situation.

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2026-09-12 10:44 UTC → 2026-09-15 04:14 UTC · added ~~removed~~

Kioxia has significantly accelerated its AI-focused storage roadmap, driven by surging demand in generative-AI data centers. In late July, the company reported a 28-fold year-over-year increase in first-quarter operating profit, reaching 1.27 trillion yen, attributed to higher SSD prices and rising NAND shipments. To manage growth, Kioxia announced a 3-for-1 stock split effective October 1. Technological advancements have centered on the launch of the CM10 PCIe 6.0 enterprise SSD series, utilizing 10th-generation 332-layer BiCS FLASH TLC memory. In August 2026, Kioxia and SanDisk unveiled BiCS10, a new generation of 3D NAND flash memory using a QLC architecture with 332 active layers, achieving a storage density of over 37 Gbit per square millimeter. By the second quarter of 2026, Kioxia ranked 8th globally in semiconductor revenue, becoming the top-performing Japanese company in the top 20. The company saw revenue expand more than fourfold compared to the same period last year, fueled by high demand for AI flash memory. To further capitalize on the AI sector, Kioxia is preparing to list American Depositary Shares (ADS) in the United States. This strategic move aims to expand its investor base and increase liquidity for those targeting AI infrastructure and data center technologies. Amidst these developments, CEO Hiroo Ota clarified that there are currently no discussions regarding deep manufacturing cooperation or joint ventures with SK hynix. In September 2026, reports indicated Kioxia is considering a U.S. listing that could raise at least $10 billion, potentially as early as next year. The company has reportedly held discussions with major lenders, including Bank of America, Goldman Sachs Group, and JPMorgan Chase.

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