[Kioxia President: Current AI Demand Fundamentally Different from Past IT Bubble, Shifting from Spot Transactions to Multi-Year Long-Term Contracts] Odaily Planet Daily News – In an interview, Kioxia President Nobuo Hayasaka stated that the unique demand driven by current AI is 'fundamentally different from the past IT bubble.' The market environment has undergone a significant transformation from the previous model dominated by spot transactions, with major IT companies operating data centers now proposing multi-year long-term contracts one after another. This has become an opportunity to establish a solid business foundation. Note: Kioxia is the world's third-largest NAND producer, following Samsung Storage and SK Hynix, with a current market value of $178 billion.