Japanese chipmaker Kioxia delays IPO amid US-China tensions

The worldࢀ™s second-largest maker of NAND flash memory chips, Kioxia is considering delaying Japanࢀ™s biggest initial public offering (IPO) as tensions between the United States and China ramp up . Earlier this month, the company which spun out of Toshiba Corp ( TOSBF ) in 2018, set a tentative price range for an IPO in Tokyo to raise as much as $2.9bn (à‚£2.3bn). Toshiba has retained roughly 40% of Xioxia, with the rest held by a group of Japanese, US and South Korean investors. The Japanese chipmaker was due to reveal its final pricing on Monday, instead Xioxiaࢀ™s board is…