Kioxia Stock Crashes 53% to 52,110 Yen on Patent Ruling, $229M Penalty Ordered

According to the Nikkei, Kioxia's shares fell 16.1% to 52,110 yen on July 17, erasing roughly half their gains from the June 22 record high of 112,700 yen. The stock decline was triggered by a U.S. federal court ruling that morning, which ordered the Japanese chipmaker to pay $229 million for infringing patent rights held by American telecommunications giant Viasat. The sharp drop in Kioxia shares rippled across Japan's broader market, with semiconductor peers Advantest and Tokyo Electron falling over 11% and 9% respectively.
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