Kioxia plans NYSE ADR in 2027 after shares surge nearly 800% on AI storage demand

CFO Yoshihiko Kawamura announced at the June 25 AGM that Kioxia will target a NYSE ADR for April–June 2027 to access US AI investor capital, with shares up nearly 800% year-to-date on AI-driven NAND flash and enterprise SSD growth. The move signals that AI infrastructure demand has grown large enough to pull Japanese storage chipmakers onto US equity markets, positioning NAND flash as a direct capital-markets beneficiary of the AI cycle.

Source: seekingalpha.com ↗