Kioxia poised for long-sought IPO as AI boom trickles down

Japan memory maker finds footing after market slump and Western Digital saga

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The recent boom in artificial intelligence has only recently started to benefit the NAND memory, which is Kioxia's specialty. (Kioxia)

RYO MUKANO, Nikkei staff writer

TOKYO -- Friday's application by Kioxia Holdings to list on the Tokyo Stock Exchange comes six years after its spinoff from Toshiba and three years later than planned, due partly to a narrow specialization that has left it vulnerable to the market's ups and downs.

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