Kioxia Chief Rules Out Deeper SK Hynix Tie-Up, Vows to Rein In Memory Prices

Kioxia Holdings Corp.'s top executive dismissed the likelihood of forging deeper ties with rival and shareholder SK Hynix Inc., while pledging to keep surging memory prices in check so they do not choke off long-term demand for AI hardware. The comments, made in Tokyo, come weeks after SK Hynix's chief executive said the South Korean company was weighing closer cooperation with the Japanese flash-memory maker, in which it holds a substantial indirect stake.