The word "Kioxia" is a combination of the Japanese word "kioku" and the Greek word "axia". Officially, it combines the double meanings of "memory" and "value". Kioxia represents the company's mission to "store" to help the world develop. It is also the cornerstone of the company's vision.
The renaming is an important move by Toshiba Storage, a consortium of Bain Capital, after its $18 billion acquisition last year. In the future, Armored Storage will take a bigger step.
Stacy J. Smith, CEO of Toshiba Storage, revealed their possible future options in an interview recently. The company will strengthen its market share in advanced storage solutions used in data centers.
Stacy J. Smith said Toshiba Storage might seek acquisitions over time, but he did not disclose the target and other information.This is the case.
In addition, Bain Capital's purchase of Toshiba Storage was originally intended to repackage Toshiba Storage Company for IPO listing, but Bain's purchase of Toshiba coincided with the critical period of NAND flash inventory shortage and price increase, but now flash prices have fallen for six consecutive quarters, so the IPO was postponed to 2020.
Stacy J. Smith said Toshiba would be ready when the market was right.——Undoubtedly, Toshiba is right in saying that the market for flash memory will stop falling and the market will rise again. It is expected that the price of flash memory will bottom in the second half of 2019.This is the case.
In addition, Stacy J. Smith referred to the shutdown of Toshiba in June due to a power outage accident. He said that business had resumed, but shipments would take several weeks to be normal, although Toshiba had a reasonable amount of inventory to cushion customer demand.