Kioxia holdings, the world’s second-largest flash memory chip maker, said on Monday it would delay its initial public offering due to uncertainties in the global chip market caused by the epidemic and geopolitical tensions. “Both the lead underwriters and kioxia believe that the IPO is not in the best interests of current or future shareholders in the face of continued market volatility and continued concerns about the second wave of the epidemic,” Nobuo hayasaka, the company’s president and chief executive, said in a statement < / P > < p > he said: “as a company, we make disciplined decisions that are in the best interests of all stakeholders and we will reconsider IPO in due course. We will not rush. ” Kioxia was originally scheduled to list on the Tokyo Stock Exchange on October 6 to issue up to y334.3 billion (US $3.19 billion). If it had not been cancelled, it would have been Japan’s biggest IPO this year. Global Tech