Kioxia's market value falls two-thirds from its peak

Nikkei Asia reported on October 16, 2026, that Japanese memory chip maker Kioxia's market value had fallen to one-third of a peak reached about four months earlier. It cited growing Chinese competition and rising interest rates that threaten data centers' business model. Kioxia's April–September earnings, due October 30, were expected to show a historic profit gain.