Kioxia’s top executive brushed aside the likelihood of deeper ties with rival and stakeholder SK Hynix, while pledging to keep surging memory prices at bay to avoid denting long-term artificial intelligence demand. Makers of memory chips are embarking on costly production capacity increases to meet soaring orders from AI service providers that are fueling double- or even triple-digit price rises. Investors including the chair of SK Hynix’s parent, SK, have said manufacturing partnerships may help lower the risk of huge capital commitments needed.
But oft-floated closer ties with SK Hynix would run into antitrust hurdles and be difficult to square with Kioxia’s jointly owned manufacturing facilities with Sandisk, according to Kioxia CEO Hiroo Ota. Kioxia would need to find other ways to restrain runaway memory prices.
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