Kioxia has forecast a $5.5bn profit for the current quarter – a 48x jump y-o-y.

For the fiscal year to the end of March Kioxia had revenue up 37% y-o-y at $14.5bn for a net profit of $3.5bn – double last year’s – and an operating profit up 92.7% to $5.2bn.

The improvement was fuelled by demand from datacentre customers, particularly for high-capacity SSDs.

“Storage became recognised as increasingly important Kioxia Western Digital flashas the use of generative AI shifted significantly from training to inference,” says President Hiroo Oota. “AI is becoming part of the foundation of society, and the strength of the flash memory market is expected to continue.”

Kioxia is the second-largest NAND flash memory maker after Samsung.

NAND plays an increasingly important role in inference.

By: DocMemory
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