*Kioxia announces capex reduction due to NAND surplus despite profitability forecast*
Kioxia has projected a return to profitability for fiscal 2024 (April 2024 – March 2025). However, its capex is expected to decrease by approximately 25% year-over-year in response to the accumulation of NAND Flash inventory.
Source: DigiTimes
Submitted February 17, 2025 at 02:25PM by NewMaxx via reddit ift.tt/ImSE7WO
Kioxia has projected a return to profitability for fiscal 2024 (April 2024 – March 2025). However, its capex is expected to decrease by approximately 25% year-over-year in response to the accumulation of NAND Flash inventory.
Source: DigiTimes
Submitted February 17, 2025 at 02:25PM by NewMaxx via reddit ift.tt/ImSE7WO