KIOXIA is trading 3.02% up at $38.25 after reports that Apple signed a three-to-five-year NAND flash supply agreement, with Kioxia viewed as the likely partner.
- The reported contract may have no price cap, potentially strengthening Kioxia’s pricing power; neither company has officially confirmed the counterparty or terms.
- A broader memory-chip rally tied to stronger AI-driven NAND and DRAM demand is also supporting shares.
- KIOXIA shares have gained sharply over the past week, extending sector momentum.