SK Hynix Surpasses Toshiba as Kioxia's Largest Shareholder with 14.19% Stake

SK Hynix’s SPC2 holds 14.19% of Kioxia, overtaking Toshiba’s 14.06% after recent sales. Voting rights remain blocked by regulatory hurdles, limiting operational influence.

Woofun AI reports that SK Hynix has become the largest shareholder of Kioxia via its investment vehicle SPC2, holding a 14.19% stake. This surpasses Toshiba, which reduced its holding to 14.06% after selling shares in seven tranches between July 15 and August 3. SK Hynix originally invested approximately 4 trillion won in Kioxia in 2018 through two special purpose companies, with SPC2 accounting for 1.3 trillion won via convertible bonds. While conversion could grant voting rights, approval under national competition laws remains required. The Japanese government may block such moves to protect its domestic semiconductor supply chain, keeping SK Hynix's direct operational influence low.