Japan chipmaker Kioxia ends production cuts, secures bank lending

The company pursues IPO as NAND market improves

20240616N Kioxia

The operating rate has returned to 100% at Kioxia's Yokkaichi plant as the memory chip market recovers. (Photo by Nikkei)

RYO MUKANO and JUN WATANABE, Nikkei staff writers

TOKYO -- Japanese memory chip maker Kioxia Holdings has ended production cuts after 20 months in light of a recovering market, with lenders agreeing to a new line of credit, Nikkei has learned.

Kioxia in June raised operating rates on production lines back to 100% at its Yokkaichi plant, in Mie prefecture, and at its Kitakami plant, in Iwate prefecture. Both produce NAND flash memory.

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