Bain Capital high-position clearing house, flash memory chip manufacturer Kaitian. The investment from eight years ago has achieved a record-breaking return.

Bain Capital has sold all of its shares in the flash memory chip manufacturer Kioxia, marking a shift in Japan's technology and investment landscape. "We no longer hold any Kioxia shares," said David Gross, managing partner at Bain, in a media interview. Thanks to the global AI investment boom, Kioxia's stock price has risen over 4000% since its IPO, making the chip maker one of Japan's most valuable companies and providing Bain with record returns. "It has been very successful for all parties involved," Gross said. Prior to Bain Capital's exit, its stake had decreased from around 44% in December to about 14% by mid-June. Its withdrawal comes at a time when market concerns about the sky-high valuations of AI-related companies are on the rise. Global semiconductor stocks hit new highs earlier this year, but have since been volatile due to worries about increased competition, potential overcapacity, and the prospects of returns on investments worth hundreds of billions of dollars.