Japanese chipmaker Kioxia files for IPO, targeting market value of over 1.5 trillion yen

Kioxia, a well-known Japanese chip manufacturer, has recently submitted an application for an initial public offering (IPO) to the Tokyo Stock Exchange. Against the backdrop of the artificial intelligence boom driving demand for semiconductors, this move has attracted widespread attention and expectations from the market. It is estimated that Kioxia's valuation will exceed 1.5 trillion yen (about 10.3 billion US dollars). Although Kioxia had planned an IPO in 2020, the plan was postponed due to the dual impact of Sino-US trade tensions and the new crown epidemic. The restart of the IPO coincides with the Japanese government's increased support for the chip industry in order to ensure the stability of key supply chains amid geopolitical tensions.