Kioxia and SanDisk Plan $31 Billion Memory Chip Expansion in Japan
· Business · Bloomberg
Kioxia and SanDisk, a subsidiary of Western Digital, have announced a joint investment plan totaling approximately $31 billion to expand memory chip production in Japan. The project focuses on the construction of a new manufacturing facility in Kitakami, Iwate Prefecture, to boost output of advanced NAND flash memory. This expansion aims to meet the rising global demand for data storage solutions driven by the growth of artificial intelligence and cloud computing. The companies intend to leverage government subsidies to support the massive capital expenditure required for the facility. Construction timelines and the exact breakdown of funding contributions remain subject to final regulatory and internal approvals.
Why it matters
The massive investment strengthens Japan's position in the global semiconductor supply chain and provides a critical supply of memory chips for the AI and data center sectors.
Read the original report — Bloomberg
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