Japanese chipmaker Kioxia aims to list in October amid AI boom

TOKYO -- Japanese chipmaker Kioxia Holdings filed an application to list on the Tokyo Stock Exchange on Friday, Nikkei has learned, aiming to go public in October amid soaring appetite for semiconductors from the artificial intelligence sector.

The company is expected to achieve a market capitalization of over 1.5 trillion yen ($10.3 billion), marking what would be the bourse's largest initial public offering so far this year. Kioxia aims to use the proceeds as it works to meet surging demand for memory chips from the AI boom.