Home Business Japan’s chipmaker Kioxia to scrap IPO plan as Sino-U.S. tensions rise: Nikkei...

Japan’s chipmaker Kioxia to scrap IPO plan as Sino-U.S. tensions rise: Nikkei Enterprise

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© Reuters.

TOKYO (Reuters) – Kioxia Holdings Corp, the world’s second-largest reminiscence chipmaker, will scrap plans for an preliminary public providing (IPO) as tensions between China and america have been rising, the Enterprise journal reported on Sunday.

Kioxia, previously often called Toshiba (OTC:) Reminiscence, had deliberate to record on the Tokyo Inventory Trade on Oct. 6.

Toshiba stated in a press release the corporate was not ready to touch upon Kioxia’s IPO.

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