➀ The NAND ASP increased by 15% in Q2, leading to total revenue of $16.796 billion, a 14.2% increase q-o-q. ➁ All NAND Flash suppliers returned to profitability and are expanding capacity. ➂ Samsung's NAND ASP rose by 20%, while Hynix, Kioxia, Micron, and WDC also saw significant increases in ASP and revenue.

➀ Kioxia Holdings, the world's third-largest NAND flash memory company, has applied for a listing on the Tokyo Stock Exchange, aiming for an October IPO with a market capitalization of over $10.4 billion. ➁ SK hynix, which has invested $3 billion in Kioxia, is expected to benefit significantly from the IPO, potentially recovering its investment and enhancing strategic cooperation. ➂ The listing is anticipated to have a limited impact on the NAND supply market, as the enterprise solid-state drive market is dominated by SK hynix and Samsung Electronics.

➀ Kioxia, a major NAND flash memory supplier, has filed for an IPO on the Tokyo Stock Exchange with a target valuation of over $10 billion. ➁ The company, currently controlled by Bain Capital, SK hynix, and Toshiba, aims to raise at least $500 million. ➂ This IPO marks Kioxia's second attempt to go public, reflecting an improved business climate and strong financial performance.

➀ Kioxia has filed an application to list on the Tokyo Stock Exchange with a target market cap of over $10.3 billion and aims to raise $500 million. ➁ The company is currently owned 56% by Bain and Hynix, with Toshiba holding 41%, making it the third largest producer of NAND flash. ➂ There have been ongoing discussions about a potential merger between Kioxia and Western Digital, which jointly owns some NAND production facilities with Kioxia.

1. KIOXIA's engineering team, led by Hideaki Aochi, Ryota Katsumata, Masaru Kito, Masaru Kido, and Hiroyasu Tanaka, received the Future of Memory and Storage Lifetime Achievement Award for their pioneering work in 3D flash memory. 2. The team introduced the world's first 256Gb, 48-layer 3D flash memory in 2015, revolutionizing data storage. 3. KIOXIA's BiCS FLASH™ 3D flash memory technology has significantly enhanced the capabilities of data centers, consumer electronics, and mobile devices.

1. Kioxia is currently sampling 2Tb QLC NAND flash, utilizing both vertical and lateral scaling. 2. The company has employed CBA (CMOS directly Bonded to Array) technology. 3. By stacking 16 2Tbit dies, Kioxia can achieve a 4TB device in a compact package measuring 11.5 x 13.5mm with a height of 1.5mm.

1. Kioxia has ceased its 3D NAND production cuts that started in October 2022. 2. This decision may lead to stabilization or a decline in 3D NAND prices.