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KITAKAMI: Bain Capital-backed Kioxia said on Tuesday it expects demand for flash memory to increase by about 2.7 times in the five years to 2028 on the back of the boom in artificial intelligence.

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Kioxia Corporation, a leading entity in the semiconductor sector, has projected a significant rise in demand for NAND flash memory, anticipating a 2.7-fold increase by 2028, as reported by Reuters.