Bain Capital completes its exit from Kioxia Holdings by selling its entire stake in the flash memory chipmaker, according to reports from Bloomberg and The Japan Times. The sale follows a chip-related investment that significantly reshapes both parties’ positions and highlights how demand for memory used in AI and broader data-intensive computing has driven Kioxia’s performance. The Japan Times notes that Kioxia’s shares surge sharply since its debut, attributing the climb to a global wave of spending tied to AI, which has increased demand for flash memory. As a result, Kioxia becomes one of Japan’s most valuable companies. Bloomberg adds that the transaction closes a chapter for Bain Capital after the deal produces large returns. Together, the reports characterize the exit as the culmination of a long-term bet in the semiconductor sector, with Kioxia benefiting from strong market conditions for memory chips. The sources do not provide additional details on the sale price or timing beyond saying Bain has sold its full stake.