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GgoogleJP first seen 6 d ago, last 3 d ago, peak #1

Toshiba sells down its stake in Kioxia Holdings

Original: 285a

Toshiba has sold part of its holding in Kioxia Holdings, cutting its stake in the memory chipmaker to 10.46 percent. The move comes as Kioxia shares hit a six-month low after third-quarter plans fell short of market expectations, despite enhanced shareholder-return measures, and as investors grow more selective about semiconductor stocks amid a chippier AI trade.

Why now: A major Japanese industrial group reducing its stake in a chipmaker during a wavering semiconductor market is drawing investor attention.

ToshibaKioxia HoldingsReutersBloomberg

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