Bain Capital-led chip maker Kioxia pulls plug on $16B IPO due to US-China tech war

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Presumably, a Biden/Harris victory could be a major game changer for firms like Kioxia, who have been an indirect casualty of the battle between the world’s two largest economic superpowers.

Kioxia already raised its concern that the U.S. restrictions on Huawei could lead to an increase in the supply of flash memory products, causing a reduction in prices.

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