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NAND flash supercycle, reaching the highest market capitalization in Japan, Kioxia remains cautious, and capital expenditure over the next three years will still be 10% lower than the historical peak.

NAND flash supercycle, reaching the highest market capitalization in Japan, Kioxia remains cautious, and capital expenditure over the next three years will still be 10% lower than the historical peak.

``` Just on June 16th, Kioxia’s market value briefly surpassed 50 trillion yen, becoming the second company in Japanese history to reach this magnitude. Earlier, on June 10th, Kioxia’s stock price surged 8% in a single day, its market value broke through 44 trillion yen, officially surpassing Toyota Motor
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