📈 Japanese memory giant #Kioxia# is riding the memory price upswing, with 4QFY26 margins surging to 66%, sharply up from 47% for full-year FY26. The company also expects April-quarter net profit to jump 48x year-on-year to ¥869 billion.💡More: 🔗

According to Korean media reports, Kioxia began mass production of its 10th-generation 3D NAND, BiCS10, at the K2 fab in Kitakami, Iwate Prefecture, in early July. This could be one reason both Kioxia and SanDisk missed expectations. $SNDK

Here are the largest holdings in the Tema Memory ETF $DISK SanDisk $SNDK - 16.65% Kioxia Holdings (285A JP) - 16.54% SK Hynix (000660 KS) - 13.39% Seagate $STX - 5.52% Samsung Electronics (005930 KS) - 5.27% Western Digital $WDC - 5.25% Micron $MU - 5.18% SK Square (402340 KS) - 5.09% Nanya (2408 TT) - 3.15% Winbond (2344 TT) - 1.88% Credit to @bdinvestingg for the photo. Disclosure: Tema ETFs s a WOLF Financial partner. This post is for informational purposes only, not investment advice. Always read a fund's prospectus.

Here are the current largest holdings in the $DRAM Memory ETF SK hynix: 27.7% weigthing Micron $MU: 26.4% Samsung: 20.1% Kioxia: 5.3% Sandisk $SNDK: 5.3% Seagate $STX: 4.8% Western Digital $WDC: 4.2% Nanya Technology: 3.3% Winbond Electronics: 1.9%

SK Hynix, $MU , and Samsung have sold out of 2027 capacity for DRAM/HBM. $SNDK, Samsung, Micron current annual NAND capacity has been sold out, with Kioxia and SK Hynix expected to finalize allocations by August 2026. - Customers are being allocated only 60–70% of the volumes they initially requested - industry insiders pointed out that 2027 will enter the most severe moment of memory shortage - Allocation amounts are mostly decided, but final shipment pricing will be determined closer to delivery Source: Digitimes, citing industry sources. Hard to see those memory "oversupply" claims in early-mid 2027 when they're all sold out of capacity already.

The Wekapod announced last week is built on Micron's PCIe 6.0 SSDs and I was wondering when we would get news of Kioxia's own PCIe 6.0 product. Its here, and will be showcased at FMS next week. "Designed for demanding enterprise and AI workloads, including AI inference and Key Value (KV) cache, the new drives are designed to support the NVIDIA CMX™ context memory storage solution while delivering significant gains in performance, power efficiency, and cooling flexibility over the previous generation." "The KIOXIA CM10 Series is Kioxia's first PCIe® 6.0 enterprise SSD and offers direct-cold-plate liquid cooling capability."

Well, looks like SLC NAND is forcasted to rise up 120-170% for H2 2026 per Trendforce. There's $MU (21%), Kioxia (20%) as largest share, but clearer beneficiaries appears to be: 1. Winbond (2344): ~15% of the SLC NAND market 2. Macronix (2337): ~11% market share 3. SkyHigh Memory via Puya Semi: ~14% market share Given Micron at $1T and others are a bit large relative to SLC NAND TAM. (source: Q1 2026 Winbond presentation/Trendforce).