Kioxia Expects to Swing into Profit in Oct.-Dec.
Tokyo, Nov. 11 (Jiji Press)--Kioxia Holdings Corp. said on Monday that it expects to swing into profitability in the three months ending next month thanks to growing sales of memory chips for use in data centers amid the spread of artificial intelligence.
The Japanese chipmaker predicts a consolidated net profit of 56 billion to 84 billion yen for the fiscal third quarter, an improvement from a year-before loss of 64.9 billion yen.
(2024/11/11-19:19)
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