Kioxia Targets $10 Billion U.S. Listing, Riding AI Memory Demand

Japanese chipmaker Kioxia is exploring a U.S. listing to raise at least $10 billion.

The company plans to sell American depositary receipts as early as next year.

Surging demand for AI-related stocks and data center memory chips drives the potential offering.

Kioxia held discussions with Bank of America, Goldman Sachs, and JPMorgan regarding the listing.

Management confirmed preparations for the U.S. exchange debut, though the final schedule remains unconfirmed.

The move aims to provide Kioxia with greater liquidity and access to a broader base of American investors.