Business · Markets · 1 hr ago
Kioxia shares fall as investors worry about competition from Chinese chipmaker
Kioxia shares fell sharply in Tokyo, briefly dropping 10% to 15,750 yen.
That was 1,755 yen below their level on October 9, before a three-day weekend in Japan.
Investors were reacting to news that Chinese memory maker ChangXin Memory Technologies, known as CXMT, is developing products with greater storage capacity.
Kioxia is a memory chip company, and CXMT is a potential competitor in that market.
The news raised concerns that competition could intensify.
The available information does not say what happens next.
Kioxia shares fell as much as 10% on October 13 amid concern about competition from Chinese memory maker CXMT.
The shares touched 15,750 yen, down 1,755 yen from their October 9 level.
The drop followed reports that CXMT was developing a new product with greater storage capacity.
The report cited concern that competition would intensify.
- Who
- Kioxia and Chinese memory maker ChangXin Memory Technologies (CXMT).
- What
- Kioxia shares fell as much as 10%, touching 15,750 yen.
- When
- October 13, 2026; the price was reported at 9:20.
- Where
- Tokyo Stock Exchange Prime market.
- Why
- Investors were concerned about stronger competition after reports that CXMT was developing a product with greater storage capacity.
This story does not have two clearly opposing sides.
Kioxia’s share price stood 1,755 yen above the level it later reached.
Kioxia shares touched 15,750 yen, down 10% from October 9.
- Share price
- 15,750 yen
- Decline
- 1,755 yen, or 10%
- Company
- Kioxia
- Competitor
- ChangXin Memory Technologies (CXMT)
- Reported development
- CXMT was developing a new product with greater storage capacity
Sources
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