TOKYO: Kioxia Holdings Corp was supposed to be an irresistible debutant in a hot Japanese market, heralding the rise of a homegrown chipmaker with big backers and a storied pedigree. It may get a cooler reception than anticipated.
The pioneer in NAND flash memory – chips that store information in smartphones and data centre servers – is listing today after years of complex and wide-ranging negotiations that involved Bain Capital, SK Inc, Western Digital Corp and the Japanese government.
