Market Chatter: Kioxia Seeks to Regain NAND Edge Against Rivals Like Samsung

MT Newswires Live06-02 08:18

Kioxia (TYO:285A) is seeking to recover lost market share by commercializing a new technology ahead of its competitors such as Samsung Electronics (KRX:005930), Nikkei Asia reported Tuesday, citing the company's engineer.

The plan comes as rising demand for data center memory extends to NAND flash chips, the report said.

The company is set to hold its first investor strategy briefing in a year on Tuesday, where Kioxia is expected to outline its technology roadmap, according to Nikkei.

While Kioxia's predecessor Toshiba, pioneered vertical stacking technology for NAND in 2007, the company has recently lagged behind rivals in layer counts-its main products still use 218 layers, compared to SK Hynix's (KRX:000660) 300-plus-layer chip unveiled in summer 2023, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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