Tag: sandisk
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Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom
TOKYO, Aug 27 : Japan’s Kioxia and U.S.-based Sandisk said on Thursday they planned to invest more than $31 billion in Japan through 2032 to drive semiconductor technology and expand production capacity, as the AI boom boosts demand for memory chips.The joint investment is contingent on “government support”,
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Sandisk forecasts mid-to-high-teens revenue growth through 2030
Aug 13 : Sandisk on Thursday said it expects revenue to grow at a mid-to-high-teens percentage rate from fiscal years 2028 to 2030, encouraged by strong demand amid rapid AI infrastructure buildout.The company said the projection is in line with growth in the amount of storage capacity it produces, a metric t
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Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings
Aug 6 : Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street’s hottest bets this year.Shares of Sandisk lost 13.3 per cent to trade at $1,178, while Western Digital shed 19.1 per cent an
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Sandisk, Western Digital drag on chip stocks as lofty expectations eclipse strong earnings
Aug 6 : Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street’s hottest bets this year.Shares of Sandisk lost 9.2 per cent to trade at $1,226.04, while Western Digita
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Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in
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