Kioxia Overtakes Toyota at ¥44 Trillion as AI Chip Demand Lifts Shares 7.6%
Updated
Updated · Bloomberg · Jun 12
Kioxia Overtakes Toyota at ¥44 Trillion as AI Chip Demand Lifts Shares 7.6%
3 articles · Updated · Bloomberg · Jun 12
Summary
Kioxia’s market value climbed above ¥44 trillion ($274 billion) on Friday, making the memory-chip maker Japan’s largest listed company just 18 months after its market debut.
A 7.6% jump in Kioxia shares drove the move, reflecting how the global AI boom is boosting demand for memory chips and reshaping Japan’s corporate hierarchy.
Toyota closed at ¥43.8 trillion in market capitalization, losing the top spot after previously only briefly ceding it to SoftBank; the figures include treasury shares.
The shift highlights a broader market rotation in which AI-linked semiconductor companies are outpacing traditional industrial champions.