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Let "memory" have "value"! Toshiba storage will be renamed Kioxia
On July 18, Toshiba Storage announced that it will be officially renamed Kioxia Holdings on October 1, 2019. At the same time, Kioxia will be updated to the name of all Toshiba storage companies.
It is understood that Kioxia is a combination of the Japanese word kioku and the Greek word axia, kioku means "memory" and axia means "value". Kiaxia's Chinese name will be "Armor".
Toshiba Storage Executive Chairman StacyJ.Smith said: "I am very pleased to take this step in the company's development process, we will continue to enhance our position in the memory industry. Kioxia will start with 'storage', cooperate with people, and meet The various needs of everyday life make the world more interesting and provide lasting value to society."
On June 1, last year, Toshiba sold 100% of Toshiba Storage (TMC) to Pangea, a company acquired by Bain Capital's corporate alliance, for about 2.3 trillion yen. Toshiba re-invested Pangea and obtained 40.2% stake (equivalent to holding 40.2% stake in TMC). Japanese factory Hoya also obtained 9.9% equity, and the Japanese camp still owns a majority stake in Pangea.
It is understood that Kioxia is a combination of the Japanese word kioku and the Greek word axia, kioku means "memory" and axia means "value". Kiaxia's Chinese name will be "Armor".
Toshiba Storage Executive Chairman StacyJ.Smith said: "I am very pleased to take this step in the company's development process, we will continue to enhance our position in the memory industry. Kioxia will start with 'storage', cooperate with people, and meet The various needs of everyday life make the world more interesting and provide lasting value to society."
On June 1, last year, Toshiba sold 100% of Toshiba Storage (TMC) to Pangea, a company acquired by Bain Capital's corporate alliance, for about 2.3 trillion yen. Toshiba re-invested Pangea and obtained 40.2% stake (equivalent to holding 40.2% stake in TMC). Japanese factory Hoya also obtained 9.9% equity, and the Japanese camp still owns a majority stake in Pangea.