Latest news with #KioxiaHoldings
Bloomberg
5 days ago
- Business
- Bloomberg
Japan Gas Plant Fire Spurs Fears of Chip Supply Chain Disruption
A fire at Japanese industrial gas maker Kanto Denka Kogyo Co. 's factory is spurring concerns about possible disruptions to the semiconductor supply chain. Last week, a fire broke out at Samsung Electronics Co. and Kioxia Holdings Corp. supplier Kanto Denka's nitrogen trifluoride plant in Shibukawa in Gunma Prefecture, northwest of Tokyo. One worker died and another was injured, according to the company.
Yahoo
6 days ago
- Business
- Yahoo
Japan's Nikkei Hits Record High on Tariff Relief, Tech Rally
(Bloomberg) — The Nikkei 225 (^N225) Stock Average hit an all-time high on Tuesday as relief over US tariffs continued to fan optimism over the nation's economic outlook, while tech shares led the rally. The blue-chip gauge climbed as much as 2.8% before closing 2.2% higher at 42,718.17, joining the Topix in surpassing July 2024 peaks. Chip-related names jumped after Micron Technology Inc. (MU) raised its sales outlook, while memory maker Kioxia Holdings Corp. (KI5.F) posted strong results. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms A New Stage for the Theater That Gave America Shakespeare in the Park Japanese equity markets, which resumed trade after Monday's holiday closing, also gained on speculation the government will expand fiscal stimulus after the ruling party's poor upper house election result last month. The benchmark posted a five-day gain after Japan's top trade negotiator confirmed on Friday that US officials said Washington would end stacking of universal tariffs on the country and cut car levies as promised. President Donald Trump extended a pause of sky-high tariffs on Chinese goods for another 90 days. 'Japan avoided the worst case scenario,' said Toshiya Matsunami, chief analyst at Nissay Asset Management. 'Of course the tariff is not positive in the longer term but at least in the short term, it was better than feared.' 'Japan is a bit more of a known entity now on the tariff front,' said Tim Waterer, chief market analyst at KCM Trade. A deal with the US 'offers some certainty for investors,' he said. The Nikkei, which has a heavy concentration of exporters including automakers and technology companies, has trailed the broader Topix this year as concerns around tariffs prompted investors to favor more domestic-driven stocks. Benchmarks maintained most of their gains despite news that China has urged local companies to avoid using Nvidia Corp.'s H20 processors. A surge in trading volume also attested to the market's strength. Monday's turnover hit 6.86 trillion yen, the highest in almost three weeks even as Japan entered the 'Obon' holiday period. —With assistance from Brett Miller, Momoka Yokoyama and Toshiro Hasegawa. Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results Klarna Cashed In on 'Buy Now, Pay Later.' Now It Wants to Be a Bank The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Nikkei Asia
05-08-2025
- Business
- Nikkei Asia
Japan chipmaker Kioxia to weed out suppliers lax on cybersecurity
Cyberattacks result in damages of $1.15 million on average, according to a survey of Japanese companies. © Reuters AKINOBU IWASAWA TOKYO -- Japanese memory-chip maker Kioxia Holdings will reassess contracts with suppliers deemed most vulnerable to cyberattacks, Nikkei has learned, joining other businesses seeking to reinforce their supply chains against hackers.
