Shares of Japanese chip equipment maker Kokusai Electric fell sharply on Wednesday after private equity firm KKR announced plans to sell its remaining stake.
Tokyo-listed Kokusai Electric shares slid as much as 7% to 6,131.0 yen by 04:32 GMT.
KKR on Tuesday said it would offload its entire 10.57% holding through securities firms. This marks KKR's full exit after the company's 2023 IPO and a previous stake reduction.
Kokusai Electric, which makes deposition equipment for semiconductors, has benefited from AI-driven demand. It competes with firms like Tokyo Electron and counts major chipmakers as customers.
Shares had rallied in the past year on AI infrastructure investment expectations.
