Samsung and SK Hynix still have one advantage Japan can't match, says Kioxia dealmaker

Yuji Sugimoto of Bain Capital, who led the acquisition of Toshiba Memory (now Kioxia), stated that South Korean chip giants Samsung and SK Hynix have a structural advantage due to centralized decision-making. Kioxia's stock surged over 4,000% since its 2024 listing, driven by AI demand, but Sugimoto argued that Japanese corporate governance would have hindered its turnaround. Bain has exited its stake in Kioxia.