Kioxia surpasses Toyota, eyes M&A push in face of AI boom

Jen-chieh Chiang, Taipei

Jun 16, 2026, 11:28 0

Credit: AFP

NAND flash memory supplier Kioxia Holdings has surpassed Toyota Motor in market capitalisation, becoming Japan's most valuable company. The development highlights how the global artificial intelligence (AI) boom is reshaping Japan's corporate landscape.

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