In the long arc of technological ambition, Kioxia's planned $10 billion US listing represents more than a capital transaction — it is a Japanese chipmaker staking its future on the conviction that the world's hunger for artificial intelligence will endure. The Tokyo-based NAND storage giant, whose shares have risen nearly 400 percent in a year to a valuation of $183 billion, is in discussions with Bank of America, Goldman Sachs, and JPMorgan about offering American depositary receipts as early as spring 2027. Like others before it, Kioxia is moving while the tide is high, knowing that the dist