# Bain Capital exits Kioxia after chip deal yields big returns > Source: > Published: 2026-07-09 03:18:00+00:00 Bain Capital has sold its entire stake in flash memory chipmaker Kioxia Holdings, closing a chapter on a deal that’s transformed the Japanese tech and investment landscape. “We don’t have a stake any more in Kioxia,” Bain Managing Partner David Gross said in an interview. The U.S. private equity firm has logged record-setting returns after a global spending spree on AI catapulted Kioxia’s shares more than 4,800% from their debut, transforming the chipmaker into one of Japan’s most valuable companies. “It’s worked spectacularly for all the stakeholders involved,” Gross said.