Kioxia denies partnership with SK Hynix, aims to curb memory chip price hikes

Kioxia Holdings' top executive has denied plans for closer cooperation with shareholder and competitor SK Hynix. The company intends to manage the rapid rise in memory chip prices to prevent negative impacts on long-term demand within the artificial intelligence sector. Memory chip manufacturers are currently expanding production to meet surging orders from AI service providers, which has driven significant price increases.