Kioxia Holdings Corp. says it will list its shares in the United States after reporting record profits, citing strong demand for memory chips. The company’s growth comes amid a global memory chip shortage that has pushed prices for the component to historic highs, according to Bloomberg. Both outlets link the momentum to the broader AI buildout: hyperscale cloud providers and other large data-center operators are investing heavily in AI infrastructure, which increases demand for memory. The Japan Times describes Kioxia’s rise as reflecting this surge in memory consumption, tied to the rapid expansion of AI-related systems. Bloomberg adds that Kioxia is benefiting directly from the shortage-driven pricing environment as it prepares for the U.S. listing. The move suggests the company is positioning itself to broaden its investor base while demand for memory remains elevated. The reports do not specify the timing, structure, or any expected listing price, focusing instead on the rationale—record earnings supported by shortage conditions and AI-driven demand.