Kioxia Holdings, the world’s second-biggest maker of memory chips partially owned by Japan’s Toshiba, said it will postpone its initial public offering that was expected to raise as much as $3.2 billion. The company, which had planned to list on the Tokyo Stock Exchange on Oct. 6, cited recent stock market conditions and concerns about the coronavirus pandemic as factors behind its decision....
asia semiconductors markets
Chip Maker Kioxia Postpones $3.2 Billion IPO Amid U.S.-China Tensions
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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