Kioxia President Highlights AI's Unique Demand Impact on IT Market

Kioxia President Hayasaka stated in an interview that the current demand driven by AI is fundamentally different from past IT bubbles. According to Odaily, he noted that the market environment has significantly shifted from a spot trading model to one where major IT companies operating data centers are proposing long-term contracts spanning multiple years. This shift presents an opportunity to establish a solid business foundation. Kioxia is the world's third-largest NAND producer, following Samsung Storage and SK Hynix, with a current market value of $178 billion.