Chipmaker Kioxia expects April-June net profit to rise 47-fold on AI boom
May 17, 2026
Tokyo [Japan], May 17: Japanese chipmaker Kioxia Holdings Corp said Friday it expects its net profit for the April-June period to increase more than 47-fold from a year earlier to 869 billion yen ($5.7 billion) amid rising demand for semiconductors used for data centers to run booming artificial intelligence.
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