KIOXIA is trading 4.38% up now at $30.00 after completing its ¥800 billion share-buyback program on August 10, more than two months ahead of schedule.
- It repurchased 16.1 million shares, or 2.9% of shares outstanding, for approximately ¥798 billion.
- Memory-chip sector strength supports sentiment as AI data-center demand drives enterprise SSD demand and favorable pricing expectations; the buyback is the clearest company-specific catalyst behind the August 11 move, with broader sector momentum providing additional support.