Kioxia Seeks Growth in AI Storage While Rivals Chase HBM Profits

Flash memory maker Kioxia Holdings Corp. sees an opportunity to seize growth in high-density storage for AI data centers while its competitors are preoccupied elsewhere.

Kioxia’s rivals Samsung Electronics Co., SK Hynix Inc. and Micron Technology Inc. are locked in a heated race to win in high-bandwidth memory, a lucrative product that’s twinned with Nvidia Corp. accelerators needed to develop artificial intelligence.