Kioxia: Fiscal 3Q22 Financial Results

Kioxia Holdings Corporation announced the financial results of its 3rd quarter of FY22 ending December 31, 2022.

Flash memory demand has fallen sharply as customers continue to adjust inventories due to economic uncertainty.

Demand for data center and enterprise SSDs is weakening sharply due to inventory adjustments and weak enterprise spending.

Despite challenging near-term market environment, industry experts remain confident in the growth potential of flash memory market and the underlying demand drivers in the long term horizon, according to the company.

We are waiting to see what will happen concerning the potential merger of Western Digital and Kioxia Holdings.