Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Nvidia Develops New Location-Verification Technology for AI Chips 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
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.
