The Zhitong Finance App learned that Japanese memory chip maker Kioxia Holdings (Kioxia Holdings) is considering raising at least $10 billion by issuing depository certificates (ADR) in the US to join a group of AI-related companies to seize the deepest capital pool in the world. People familiar with the matter said that Kioxia is already discussing possible issuance within next year with banks such as Bank of America, Goldman Sachs, and J.P. Morgan Chase. Notably, the day this plan surfaced coincided with concerns about AI deceleration triggering a sell-off in global chip stocks — Nasdaq 100 futures fell 1.6% at the beginning of the session.

The Zhitong Finance App learned that Japanese memory chip maker Kioxia Holdings (Kioxia Holdings) is considering raising at least $10 billion by issuing depository certificates (ADR) in the US to join a group of AI-related companies to seize the deepest capital pool in the world. People familiar with the matter said that Kioxia is already discussing possible issuance within next year with banks such as Bank of America, Goldman Sachs, and J.P. Morgan Chase. Notably, the day this plan surfaced coincided with concerns about AI deceleration triggering a sell-off in global chip stocks — Nasdaq 100 futures fell 1.6% at the beginning of the session.