NAND flash memory
Kioxia
A top-3/4 NAND maker (~16% share) running the world’s largest NAND fabs in Yokkaichi and Kitakami; IPO’d Dec 2024. Partners with NVIDIA on fast AI SSDs. Buys equipment, wafers and materials globally.
285A.T Updated Jun 21, 2026
Annual return · 2026-06-19'25+1082.1%YTD+408.4%
KioxiaNAND flash memory
Financials & Segments
- Total revenue · NAND flash memory
- Segments · NAND flash memory
Revenue from
- NVIDIA Medium confidence· Market share >16 · 2024 · global NAND share
Supplies NAND/SSD for AI and datacenters to NVIDIA.Confirms JA EDINET / company IR Published Jun 20, 2025: "Annual securities report: revenue, customers, business." - SSD·전자제품 OEM (비공개) Medium confidence
Supplies NAND/SSD for AI and datacenters to SSD·전자제품 OEM.Confirms EN Kioxia Published May 1, 2025: "Supplies NAND/SSD for AI and datacenters to SSD·전자제품 OEM."
Pays to
- Tokyo Electron (TEL) High confidence
Buys NAND fab equipment and wafers from 도쿄일렉트론. - Lam Research High confidence
Buys NAND fab equipment and wafers from 램리서치. - Shin-Etsu Chemical Medium confidence
Buys NAND fab equipment and wafers from 신에쓰화학. - ASML Medium confidence
Buys NAND fab equipment and wafers from ASML. - Advantest Medium confidence
Buys NAND fab equipment and wafers from Advantest. - 부품·소재·R&D (비공개) Low confidence
Parts, materials and R&D (undisclosed).
Value-chain ripple (tiers 2–3)
Following node-to-node links up to 3 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Apple | lead3 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +9.8 |
| CoreWeave | lead2 | · | · | · | · | · | +64.7 |
| Foxconn (Hon Hai) | lead2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +21.8 |
| Alphabet (Google) | lead2 | +65.3 | -39.1 | +58.3 | +35.8 | +66.1 | +17.8 |
| Amazon | lead2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +5.9 |
| Super Micro | lead2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +4.7 |
| Meta Platforms | lead2 | +23.1 | -64.2 | +194.1 | +65.9 | +13.1 | -12.3 |
| Microsoft | lead2 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | -21.2 |
| NVIDIA | lead1 | +125.5 | -50.3 | +239 | +171.3 | +38.9 | +13.1 |
| Kioxia | node | · | · | · | · | +1082.1 | +408.4 |
| Lam Research | benef1 | +53.7 | -40.8 | +88.8 | -6.9 | +139.5 | +128.1 |
| Tokyo Electron (TEL) | benef1 | +40.4 | -14.5 | +89.8 | -4.4 | +61.6 | +84.1 |
| ASML | benef1 | +64.1 | -30.5 | +39.9 | -7.7 | +55.8 | +81 |
| Shin-Etsu Chemical | benef1 | +6.3 | +3.1 | +57.8 | -15.6 | +7.6 | +43.8 |
| Advantest | benef1 | +17 | -2.3 | +155.7 | +49.5 | +196 | +24.6 |
| MKS Instruments | benef2 | +16.4 | -51 | +22.6 | +2.2 | +54.4 | +154.7 |
| Wonik QnC | benef2 | +26.2 | +2 | +11.9 | -33.7 | +53.4 | +25.1 |
| TCK (Tokai Carbon Korea) | benef2 | -10.1 | -16.9 | +2.8 | -28.7 | +225.7 | +8.6 |
| Hana Materials | benef2 | +106 | -30.5 | +26.1 | -47.4 | +173.9 | -3.6 |
YTD as of 2026-06-19 · source: Yahoo Finance