Kioxia Chairman Stacy Smith’s Pay Jumps 15-Fold to ¥4.4 Billion as AI Chip Demand Soars
Updated
Updated · Bloomberg · Jun 24
Kioxia Chairman Stacy Smith’s Pay Jumps 15-Fold to ¥4.4 Billion as AI Chip Demand Soars
1 articles · Updated · Bloomberg · Jun 24
Summary
¥4.4 billion in compensation made Stacy Smith one of Kioxia’s highest-paid executives in the fiscal year ended March, up nearly 15-fold from a year earlier.
Runaway demand for AI-related chips lifted the Japanese flash memory maker’s stock and revenue, driving the sharp increase in executive pay disclosed in its annual securities report.
¥794 million went to former president Nobuo Hayasaka, whose compensation rose more than six-fold before he handed leadership to Hiroo Ota in April.
Two executives at Kioxia still cleared the ¥100 million pay threshold, unchanged from the previous year despite the outsized jump in Smith’s package.