TOKYO -- Kioxia Holdings' highly anticipated debut on the Tokyo Stock Exchange got off to a slow start on Wednesday, as investors remained wary of the slump facing Japan's chip industry amid sluggish computer and smartphone demand.
Semiconductors
Lackluster Kioxia IPO signals cold winter for Japan chip industry
Tepid valuation reflects concern over flagging computer and smartphone demand
Kioxia's market cap upon closing Wednesday stood at 863 billion yen ($5.6 billion), a significant drop from its 2 trillion yen valuation when the chipmaker, then called Toshiba Memory, was acquired in 2018. © Reuters
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