Kioxia Dismisses SK Hynix Tie-up, Vows to Ease Chip Price Rises
Hiroo Ota said deeper ties with SK Hynix face antitrust hurdles, and Kioxia will avoid pushing NAND prices higher as AI demand surges.
5 Articles
5 Articles
Kioxia Dismisses SK Hynix Tie-Up, Vows to Ease Chip Price Rises
Kioxia Holdings Corp.’s top executive brushed aside the likelihood of deeper ties with rival and stakeholder SK Hynix Inc., while pledging to keep surging memory prices at bay to avoid denting long-term AI demand.
Kioxia CEO Rules Out an SK Hynix Merger While Vowing to Tame Chip Prices
Kioxia CEO Hiroo Ota shot down speculation of a formal tie-up with SK Hynix, citing antitrust hurdles and Kioxia's joint manufacturing with Sandisk. He also pledged to keep AI-driven memory prices from spiraling, even as Kioxia's own profit jumped 48-fold on those same price gains.
ChainCatcher reports, citing Bloomberg, that Kioxia Holdings' top executive denied the possibility of a closer partnership with competitor and shareholder SK Hynix, stating that they will control the rapid rise in memory chip prices to avoid impacting long-term demand in the artificial intelligence sector. Currently, memory chip manufacturers are expanding production capacity to meet surging orders from AI service providers, driving up related c…
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