Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
NRW Holdings Shares Surge After Securing Major Rio Tinto Contract and New Project Wins 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Kioxia Holdings Corp shelved plans to list on the Tokyo Stock Exchange on Oct. 6 and offer up to $3.2 billion in shares due to tighter US restrictions on Huawei Technologies Co Ltd that could result in oversupply and lower prices of memory chips.
The initial public offering (IPO) would have been Japan’s biggest this year.
Kioxia, previously known as Toshiba Memory, made no mention of the curbs and only cited market volatility and ng concerns about a second wave of the pandemic in putting off the IPO.
Shares in top shareholder Toshiba Corp, which had planned to sell an 8 percent stake, dropped by as much as 8.6 percent due to the postponement, before paring the losses to 3 percent.
The memory chip market is bracing for the impact of the US restriction on global suppliers from selling US technology-based chips to Huawei without a special license that came into force on Sept. 15.
Kioxia CEO Nobuo Hayasaka said that while the company received significant interest from investors, they do not believe it is the best time to proceed with the IPO, and they are not in a rush.
Earlier this month, Kioxia set a tentative IPO price range that put the market value lower than $18.9 billion.
The consortium’s stake was to drop from 56.2 percent to 47.8 percent.
