(Bloomberg) -- Japanese chipmaker Kioxia has filed for an October initial public offering on the Tokyo exchange, Nikkei reported, pulling the trigger on a long-anticipated debut at a time AI development is fueling semiconductor demand.
The company is expected to command a valuation of more than 1.5 trillion yen ($10.3 billion), the Nikkei reported, without citing its sources.
Kioxia had considered an October timeframe earlier this year. The potential deal coincides with a sharp rise in government support for investments in the chip sector, to safeguard supply of the critical components as geopolitical tensions rise.
©2024 Bloomberg L.P.
