Kioxia Holdings Corp. reported a 22-fold surge in third-quarter operating profit and said it will pay an interim dividend, according to a Bloomberg-cited Techub News brief. The company said data center operators have been willing to pay higher prices for flash memory chips, with the increase tied to a sharp rise in data storage demand driven by artificial intelligence workloads. The update points to continued strength in enterprise storage spending as AI-related infrastructure buildouts support pricing for memory products. No additional financial details were disclosed in the source brief beyond the profit increase and the dividend announcement. Bloomberg was cited as the source of the report, and Techub carried the item as a technology news flash.
Kioxia Holdings Corp. said its third-quarter operating profit surged 22-fold and announced an interim dividend, according to a Techub News brief citing Bloomberg.
The company said data center operators have been willing to pay high prices for flash memory chips, driven mainly by a sharp increase in artificial intelligence-related data storage demand.
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