Kioxia denies plans to collaborate with SK Hynix.

BlockBeats News, September 9 - According to Bloomberg, Kioxia Holdings' top executive denied the possibility of forging closer cooperation with rival and shareholder SK Hynix, and stated that the company will curb rapid price increases in storage chips to avoid impacting long-term demand in the artificial intelligence sector.

Currently, storage chip manufacturers are expanding capacity to meet surging orders from AI service providers, driving significant price hikes for related chips. Some investors believe that manufacturing partnerships could help mitigate risks associated with large-scale capital expenditures.