Episode 21｜Every day, dismantling a company: Kioxia
Kioxia’s predecessor, Toshiba, invented NAND flash in 1987.
This round, its average selling price rose by about seventy percent, while its shipment capacity increased by only single digits—most of the profit didn’t come from volume, but from price.
Its moat is that it’s spent forty years doing only one kind of storage; its weakness is also that it only knows how to do this one kind of storage.
What do you think: is extreme focus a moat, or the ceiling of corporate development?
#Kioxia #NAND flash #memory chips #semiconductors #每天拆碎一家公司
Kioxia’s predecessor, Toshiba, invented NAND flash in 1987.
This round, its average selling price rose by about seventy percent, while its shipment capacity increased by only single digits—most of the profit didn’t come from volume, but from price.
Its moat is that it’s spent forty years doing only one kind of storage; its weakness is also that it only knows how to do this one kind of storage.
What do you think: is extreme focus a moat, or the ceiling of corporate development?
#Kioxia #NAND flash #memory chips #semiconductors #每天拆碎一家公司