TOKYO: Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, on Monday shelved plans for what would have been Japan's largest initial public offering this year, as U.S-China tensions cloud the global chip market.
The memory chip market is bracing for the impact of tighter U.S. restrictions on Huawei Technologies Co Ltd that came into force on Sept. 15. The curbs ban global suppliers from selling chips made using U.S. technology to the Chinese telecoms giant without a special licence, and Kioxia has warned they could trigger memory chip oversupply and lower prices.
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