#production-expansion

#production-expansion

Kioxia took a significant hit on the stock market this week after an investment vehicle affiliated with Bain Capital put a large block of shares on the market. Bloomberg reported on the sale by Bain Capital. The sale, worth more than $2 billion, took place at a substantial discount and put pressure on the share price of the Japanese memory chip manufacturer. Investors reacted nervously to the signal that a major shareholder is willing to reduce part of its position.