|Founded||June 1, 2018|
Number of employees
Kioxia Holdings Corporation (//), simply known as Kioxia and stylized as KIOXIA, is a Japanese multinational computer memory manufacturer headquartered in Tokyo, Japan. The company was spun off from the Toshiba conglomerate as Toshiba Memory Corporation (東芝メモリ株式会社, Tōshiba Memori Kabushiki-gaisha) in June 2018. It became a wholly owned subsidiary company of Toshiba Memory Holdings Corporation on March 1, 2019, and was renamed to Kioxia in October 2019. In the early 1980s, while still part of Toshiba, the company was credited with inventing flash memory. In the second quarter of 2021, the company was estimated to have 18.3% of the global revenue share for NAND flash solid-state drives. The company is the parent company of Kioxia Corporation.
Kioxia is a combination of the Japanese word kioku meaning memory and the Greek word axia meaning value.
On June 1, 2018, due to heavy losses experienced by the bankruptcy of the Westinghouse[which?] subsidiary of former parent company Toshiba over nuclear power plant construction at Vogtle Electric Generating Plant in 2016, Toshiba Memory Corporation was spun off from the Toshiba Corporation. Toshiba maintained a 40.2% equity in the new company. The new company consisted of all of Toshiba memory businesses. Toshiba Memory Corporation became a subsidiary of the newly formed Toshiba Memory Holdings Corporation on March 1, 2019.
In June 2019, Kioxia experienced a power cut at one of its factories in Yokkaichi, Japan, resulting in the loss of at least 6 exabytes of flash memory, with some sources estimating the loss as high as 15 exabytes. Western Digital used (and still uses) Kioxia's facilities for making its own flash memory chips.
On July 18, 2019, Toshiba Memory Holdings Corporation announced it would change its name to Kioxia on October 1, 2019, including all Toshiba memory companies. On October 1, 2019, Toshiba Memory Holdings Corporation was renamed to Kioxia Holdings Corporation and Toshiba Memory Corporation was renamed to Kioxia Corporation. This renaming also included companies associated with Toshiba's solid-state drive brand OCZ.
On August 30, 2019, Toshiba Memory Holdings Corporation, not yet renamed to Kioxia, announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. The acquisition closed on July 1, 2020.
As of April 30, 2021, Kioxia ownership is as follows:
Kioxia Holdings Corporation is the holding company of Kioxia Corporation. Kioxia Corporation is the parent company of several companies including Kioxia Systems Company, Kioxia Advanced Package Corporation, Kioxia America, and Kioxia Europe.