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April 19, 2024
 

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KIOXIA

Kioxia Holdings plans to go public on the Tokyo Stock Exchange as early as October.
BUSINESS
Apr 16, 2024
Kioxia plans to list as early as October as merger talks stall
Kioxia faces a June deadline to refinance as much as ¥900 billion worth of loans, and a public listing will help its negotiations with banks.
TSMC's new factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Companies
Mar 4, 2024
Japan in the midst of a semiconductor plant construction rush
The government set aside ¥4 trillion between fiscal 2021 and fiscal 2023 for subsidies for helping companies build semiconductor plants.
The government will extend subsidies worth as much as ¥242.9 billion for Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures.
BUSINESS / Tech
Feb 6, 2024
Japan extends subsidies to downturn-hit Kioxia and Western Digital
The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND flash chips.
Toshiba said it is considering whether to release earnings results after it delists from the Tokyo Stock Exchange on Dec. 20.
BUSINESS / Tech
Nov 14, 2023
Toshiba posts ¥52 billion net loss before delisting in Japan
The figure in the reporting period is a reversal from a net profit of ¥100.66 billion the Japanese conglomerate booked a year earlier.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023
Western Digital and Kioxia call off merger talks, source says
South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Japanese chipmaker Kioxia Holdings and its U.S. peer Western Digital are expected to agree on a merger as early as this month.
BUSINESS
Oct 13, 2023
Chipmakers Kioxia and Western Digital set to agree on merger
The deal would create the world's leading producer of memory chips.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023
Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger
The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Japan Times
BUSINESS / Tech
Jul 15, 2023
Western Digital and Japan’s Kioxia seek to reach merger deal by August
The deal would be structured as a tax-free spinoff of Western Digital’s flash business, which would merge with Kioxia.
Japan Times
BUSINESS / Companies
Jun 2, 2023
Japanese chipmaker Kioxia and U.S.-based Western Digital in detailed merger talks
The two companies are considering setting up a joint venture to integrate their production and sales operations, and Kioxia may hold the larger stake in the new company, sources said.
Japan Times
BUSINESS / Tech
Jan 21, 2023
Western Digital talks with Kioxia said to be advancing
Under the terms being discussed, Western Digital would spin off its flash business and merge it with Kioxia, creating a publicly traded company in the U.S.
Japan Times
BUSINESS / Companies
Jan 6, 2023
Western Digital and Kioxia revive merger talks as flash memory demand slides
The companies, which have a joint venture that produces flash chips, have been circling each other for years.
Japan Times
BUSINESS
Jul 26, 2022
Japan to give ¥92.9 billion subsidy to Kioxia-Western Digital chip plant
The development of a resilient supply chain for semiconductors is likely to be on the agenda when industry minister Koichi Hagiuda visits the United States and holds talks on Friday.
Japan Times
BUSINESS / Companies
Feb 10, 2022
Western Digital and Kioxia say contamination at Japan plants hurt chip output
The two companies, whose partnership is one of the largest producers of flash memory, said they're working to get the plants back to normal operations as quickly as possible.
Japan Times
BUSINESS
Sep 4, 2021
Tokyo ready to back Western Digital-Kioxia deal if key tech stays in Japan, sources say
The tie-up could give Japan greater leverage in geopolitical rivalries increasingly dominated by technology, including over shortages of chips.
Japan Times
BUSINESS / Companies / FOCUS
Aug 30, 2021
Western Digital pitch for new Kioxia deal faces familiar hurdles
Resistance from within Japan, China and Kioxia's own management are among the challenges ahead.
Japan Times
BUSINESS / Companies
Aug 26, 2021
Western Digital in advanced merger talks with Japan’s Kioxia
If finalized, a deal worth more than $20 billion could unite the two technology storage providers.
Japan Times
BUSINESS / Markets
Jul 1, 2021
Kioxia eyes listing on Tokyo bourse in September after postponement
The envisaged listing of Kioxia, formerly known as Toshiba Memory Holdings Corp., comes as robust demand for semiconductors is giving a boost to chipmakers and their share prices.
Japan Times
BUSINESS
Apr 17, 2021
Bidding war may break out for Toshiba after buyout hits a snag
Investor interest in the growth potential of some of Toshiba's businesses means the company is likely to face continued pressure to streamline its wide-ranging operations.
Japan Times
BUSINESS / Companies
Apr 7, 2021
Toshiba shares surge on possible buyout by CVC Capital
The bid comes as Toshiba faces scrutiny from activists following a series of scandals, including a record fine for faulty accounting and billions of dollars in writedowns.
No link to Nankai Trough quake seen after temblor in Shikoku
Satoshi Harada from the Meteorological Agency explains about the magnitude 6.6 earthquake during a news conference early Thursday.
Thousands evacuated as Indonesia volcano erupts
Indonesia's Mount Ruang spews hot lava and smoke as seen from Sitaro, North Sulawesi, on Wednesday.
Why hasn't Japan moved to prop up the weak yen?
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
Snake on a train: Discovery of serpent delays Tokyo-Nagoya shinkansen
A Tokaido shinkansen. It is unclear whether the snake was venomous or how it ended up on the train, and there was no injury or panic among passengers.
'House of the Owl' brings Hollywood values to Japanese TV
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
Benefits and risks: AUKUS looks to take gamble on Japan
U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British leader Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego in March last year.
Kyoto’s demon night parade lives to haunt another day
In a Kyoto long past, the "hyakki yagyō" (100 demon night parade) haunted a sleepy corner of Kyoto. Now, one enterprising monster enthusiast has won a small batttle to keep the march alive.
U.S. deploys midrange missile system in Indo-Pacific for first time
A U.S. Army Mid-Range Capability (MRC) Launcher arrives as part of the capability’s first deployment into theater on Northern Luzon, Philippines, April 8.
Unpacking the chaotic by-election in a scandal-hit Tokyo district
People listen to a campaign speech in Tokyo's Koto Ward on Tuesday.

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