Japan’s Kioxia Sees AI Driving Strong Memory Growth for Years

Kioxia Holdings Corp., a Japanese memory chip manufacturer, expects a surge in demand for NAND storage driven by the growth of artificial intelligence (AI) in data centers. According to the company, the demand for NAND storage is projected to increase by approximately 20% annually over the coming years. The rising adoption of AI technology in data centers is the primary factor behind this anticipated growth. As AI-powered applications and services continue to expand, data centers will need to scale up their storage capabilities to handle the increasing volume of data generated. Kioxia, a leading global provider of flash memory and solid-state drives (SSDs), believes that this trend will persist for the foreseeable future. The company's optimistic outlook reflects the growing importance of data storage in the era of AI and the increasing reliance on NAND-based solutions to meet the demands of data-intensive applications.