KIOXIA is trading 3.1% down now at $35.90 after CEO Hiroo Ota’s September 9 comments that memory prices had risen sufficiently and should not increase further, tempering expectations for continued NAND pricing gains.
- The broader memory-chip sector is also falling as traders take profits and reassess pricing momentum.
- KIOXIA’s reported stance toward SK Hynix further reinforced caution around industry growth prospects.