Kioxia's Q2 loss reached 100.8 billion yen, claiming that the sales price of NAND flash memory has reached the lowest point

According to news from this site on November 14, Kioxia is a computer memory manufacturer headquartered in Tokyo, Japan. It was formerly known as Toshiba Storage and is the world's second largest NAND storage manufacturer.

Kioxia released its latest quarterly financial report today, claiming that due to the decline in demand for smartphones and personal computer (PC) memory chips, the company incurred 100.8 billion yen in the second quarter (Note from this site: currently approximately 4.848 billion operating loss (RMB).

Since the outbreak of the new crown epidemic, major memory chip manufacturers have been facing the challenge of reduced demand. As the problem of oversupply in the market becomes increasingly serious, the pressure for industry consolidation is also increasing

Previous reports stated that merger negotiations between Kioxia and Western Digital have stalled because Kioxia shareholder SK Hynix does not agree . If the merger can be achieved, the combined company will control one-third of the global NAND flash memory market, on par with Samsung Electronics, which is bound to pose a threat to SK Hynix's position.

As a result, Western Digital has announced that it will spin off its memory business, but remains open to alternatives that may bring "higher value" to the planned spin-off.

While investments in artificial intelligence are expected to boost the chip industry, a rebound in demand for NAND flash memory used for data storage is unclear. Kioxia said that NAND sales prices have bottomed out and shipments of smartphones and PCs are expected to increase next year. The loss was smaller due to the boost of JPY.

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