TOKYO -- Shares in Japanese chipmaker Kioxia Holdings closed up 16.9% at 1,689 yen in its debut on the Tokyo Stock Exchange on Wednesday, after opening 0.3% below its IPO price.
Kioxia pioneered the technology in NAND flash memory, which can store data without power and is widely used in portable devices such as smartphones and laptop computers. Memory chips are essential in the processing of data for the operation of artificial intelligence, which is expected to be more commonly featured in smartphones and laptops from next year.
