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Kioxia
Kioxia Holdings Corporation (/kiˈoʊksiə/) is a Japanese multinational computer memory manufacturer headquartered in Tokyo, Japan. The company was spun off from the Toshiba conglomerate in June 2018 and gained its current name in October 2019; it is currently majority owned by Bain Capital, which holds a 51.1% stake, while Toshiba holds a 30.5% stake. Hoya holds another 3% stake.
In the early 1980s, while still part of Toshiba, the company was credited with inventing flash memory. As of the second quarter of 2021, the company was estimated to have 18.3% of the global revenue share for NAND flash solid-state drives.
Kioxia is a combination of the Japanese word kioku meaning memory and the Greek word axia meaning value.
In 1980, Fujio Masuoka, an engineer at Kioxia predecessor Toshiba, invented flash memory, and in 1984, Masuoka and his colleagues presented their invention of NOR flash.
In January 2014, the Toshiba Corporation completed its acquisition of OCZ Storage Solutions, renaming it OCZ and making it a brand of Toshiba.
On June 1, 2018, due to heavy losses experienced by the bankruptcy of the Westinghouse subsidiary of former parent company Toshiba over nuclear power plant construction at Vogtle Electric Generating Plant in 2016, Toshiba Memory Corporation (東芝メモリ株式会社, Tōshiba Memori Kabushikigaisha) was spun off from the Toshiba Corporation.[citation needed] Toshiba maintained a 40.2% equity in the new company. The new company consisted of all of Toshiba memory businesses. Toshiba Memory Corporation became a subsidiary of the newly formed Toshiba Memory Holdings Corporation on March 1, 2019.
In June 2019, Toshiba Memory Holdings Corporation experienced a power cut at one of its factories in Yokkaichi, Japan, resulting in the loss of at least 6 exabytes of flash memory, with some sources estimating the loss as high as 15 exabytes. Western Digital (later Sandisk) used (and still uses) Kioxia's facilities for making its own flash memory chips.
On August 30, 2019, the company announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. The acquisition closed on July 1, 2020.
Kioxia
Kioxia Holdings Corporation (/kiˈoʊksiə/) is a Japanese multinational computer memory manufacturer headquartered in Tokyo, Japan. The company was spun off from the Toshiba conglomerate in June 2018 and gained its current name in October 2019; it is currently majority owned by Bain Capital, which holds a 51.1% stake, while Toshiba holds a 30.5% stake. Hoya holds another 3% stake.
In the early 1980s, while still part of Toshiba, the company was credited with inventing flash memory. As of the second quarter of 2021, the company was estimated to have 18.3% of the global revenue share for NAND flash solid-state drives.
Kioxia is a combination of the Japanese word kioku meaning memory and the Greek word axia meaning value.
In 1980, Fujio Masuoka, an engineer at Kioxia predecessor Toshiba, invented flash memory, and in 1984, Masuoka and his colleagues presented their invention of NOR flash.
In January 2014, the Toshiba Corporation completed its acquisition of OCZ Storage Solutions, renaming it OCZ and making it a brand of Toshiba.
On June 1, 2018, due to heavy losses experienced by the bankruptcy of the Westinghouse subsidiary of former parent company Toshiba over nuclear power plant construction at Vogtle Electric Generating Plant in 2016, Toshiba Memory Corporation (東芝メモリ株式会社, Tōshiba Memori Kabushikigaisha) was spun off from the Toshiba Corporation.[citation needed] Toshiba maintained a 40.2% equity in the new company. The new company consisted of all of Toshiba memory businesses. Toshiba Memory Corporation became a subsidiary of the newly formed Toshiba Memory Holdings Corporation on March 1, 2019.
In June 2019, Toshiba Memory Holdings Corporation experienced a power cut at one of its factories in Yokkaichi, Japan, resulting in the loss of at least 6 exabytes of flash memory, with some sources estimating the loss as high as 15 exabytes. Western Digital (later Sandisk) used (and still uses) Kioxia's facilities for making its own flash memory chips.
On August 30, 2019, the company announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. The acquisition closed on July 1, 2020.
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