# Who are Kioxia's customers? Who does Kioxia earn revenue from?
Canonical: https://valuechain.wiki/kioxia · Facet: customers · Updated: 2026-07-12T08:24:10.600669+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Kioxia's confirmed revenue counterparties include NVIDIA, Phison, Everpure (formerly Pure Storage) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 revenue edges, backed by 9 dated sources, 3 of them primary filings (as of 2026-07-12).

### 베인 캐피털 컨소시엄 + 도시바 (high)
- note: Bain-led consortium holds 51.3%; Toshiba 32.3%.
- [confirms] TrendForce (EN, research, published 2024-12-10) https://www.trendforce.com/news/2024/12/10/news-kioxia-finalizes-ipo-price-sk-hynix-poised-to-become-third-largest-shareholder/: "After the IPO, the Bain Capital-led stake settles around 52% and Toshiba around 32% as the two largest shareholders (SK Hynix third at about 14% once converted), continuing the Bain consortium and Toshiba ownership."

### NVIDIA (mid)  → /nvidia.md
- metric: Market share >16% · 2024 · global NAND share
- note: Supplies NAND/SSD for AI and datacenters to NVIDIA.
- [confirms] Kioxia (EN, filing, published 2026-05-21) https://www.kioxia-holdings.com/en-jp/ir.html: "Kioxia FY2026 revenue JPY 2,337bn (+37%, first over JPY 2tn), operating profit JPY 870.4bn (+92.7%); AI datacenter SSD demand and ASP surge; US listing."
- [confirms] News1 (KO, news, published 2025-11-01) https://www.news1.kr/industry/general-industry/5997227: "Supplies NAND/SSD for AI and datacenters to NVIDIA."
- [confirms] Blocks & Files (EN, news, published 2025-09-15) https://blocksandfiles.com/2025/09/15/kioxia-100-million-iops-ssd-nvidia/: "Kioxia, at the request of Nvidia, is developing a 100 million IOPS SSD, with two directly connected to an Nvidia GPU for a total of 200 million IOPS, partly replacing HBM for GenAI workloads."
- [confirms] Kioxia Integrated Report (EN, filing, published 2025-06-30) https://www.kioxia-holdings.com/content/dam/kioxia-hd/en-jp/ir/library/integrated-report/2025/asset/Integrated-Report-2025-all-view-en.pdf: "FYE Mar 2025 revenue ¥1,706.5bn (non-GAAP OP ¥453.0bn)"
- [confirms] EDINET / company IR (JA, filing, published 2025-06-20) https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100W19Q.pdf: "Annual securities report: revenue, customers, business."
- [confirms] Kioxia (EN, ir, published 2025-05-01) https://www.kioxia.com/en-jp/ir.html: "Supplies NAND/SSD for AI and datacenters to NVIDIA."

### SSD·전자제품 OEM (비공개) (mid)
- note: Supplies NAND and SSDs for AI and data centers to SSD and electronics OEMs.
- [confirms] Kioxia (EN, filing, published 2026-05-21) https://www.kioxia-holdings.com/en-jp/ir.html: "Kioxia FY2026 revenue JPY 2,337bn (+37%, first over JPY 2tn), operating profit JPY 870.4bn (+92.7%); AI datacenter SSD demand and ASP surge; US listing."
- [confirms] TrendForce (EN, research, published 2025-12-03) https://www.trendforce.com/presscenter/news/20251203-12813.html: "CSPs' AI data-center buildout drove strong enterprise-SSD demand, and Kioxia's revenue rose 33.1% QoQ to about $2.84B in 3Q25 on AI-server demand and the BiCS8 shift, the highest growth among the top five suppliers."
- [confirms] Kioxia (EN, ir, published 2025-05-01) https://www.kioxia.com/en-jp/ir.html: "Supplies NAND/SSD for AI and datacenters to SSD and electronics OEM."

### Phison (mid)  → /phison.md
- note: Supplies NAND to Phison SSD solutions.
- [confirms] Kioxia (EN, filing, published 2026-05-21) https://www.kioxia-holdings.com/en-jp/ir.html: "Kioxia FY2026 revenue JPY 2,337bn (+37%, first over JPY 2tn), operating profit JPY 870.4bn (+92.7%); AI datacenter SSD demand and ASP surge; US listing."
- [confirms] DigiTimes (EN, news, published 2026-03-08) https://www.digitimes.com/news/a20260308PD200/phison-2026-growth-2025-nand-flash.html: "Supplies NAND to Phison SSD solutions."

### 에버퓨어 (구 퓨어스토리지) (mid)  → /pure-storage.md
- note: Supplies NAND to Pure DirectFlash modules.
- [confirms] FinancialContent (EN, research, published 2026-01-02) https://markets.financialcontent.com/stocks/article/predictstreet-2026-1-2-pure-storage-pstg-the-architecture-of-the-ai-factory-and-the-future-of-the-all-flash-data-center: "Supplies NAND to Pure DirectFlash modules."

Reverse side: https://valuechain.wiki/kioxia/suppliers.md · Ripple: https://valuechain.wiki/kioxia/ripple.md

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Full node: https://valuechain.wiki/kioxia.md · JSON: https://valuechain.wiki/kioxia.json