Japan chipmaker Kioxia ends production cuts, secures bank lending – Nikkei Asia

The company pursues IPO as NAND market improves
TOKYO — Japanese memory chip maker Kioxia Holdings has ended production cuts after 20 months in light of a recovering market, with lenders agreeing to a new line of credit, Nikkei has learned.
Kioxia in June raised operating rates on production lines back to 100% at its Yokkaichi plant, in Mie prefecture, and at its Kitakami plant, in Iwate prefecture. Both produce NAND flash memory.
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