Kioxia, a NAND storage supplier, announced plans for a new listing in the United States next spring along with a stock split in Japan.
The company seeks to benefit from strong investor interest in AI-related semiconductor stocks.
Kioxia made the announcement on June 25, 2026.
The planned US listing is scheduled for spring 2027.
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South Korean stocks rebounded to a fresh record high on May 29, fueled by gains in artificial intelligence shares and optimism over a potential U.S.-Iran ceasefire extension.
Shares of Japanese memory chipmaker Kioxia surged 7.6 percent on Friday, pushing its market value above ¥44 trillion.
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SK hynix Inc. announced plans to raise up to 45.45 trillion won through a stock offering to list its American depositary receipts on the Nasdaq.
Tank manufacturer KNDS intends to proceed with its stock market listing on the original schedule and will not wait for a possible stake by the German government. Chief executive Jean-Paul Alary confirmed on Friday that preparations continue.
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Asian markets surged on June 25 after Micron Technology projected robust future demand during its fiscal third quarter earnings call. The chipmaker's shares rose sharply, boosting confidence in the AI trade. Falling oil prices added to the positive sentiment across regional bourses.
South Korean stocks opened at a fresh record high Tuesday, with the benchmark KOSPI rising to 8,893.19 amid continued optimism in artificial intelligence-related shares.