Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom
- On Thursday, Kioxia Holdings Corp. and Sandisk Corp. announced a 5 trillion yen investment over six years to expand memory chip production in Japan, driven by surging AI demand.
- This plan marks a turnaround for Kioxia, once seen as a symbol of Japan's chipmaking struggles. The AI boom is fueling production of 10th-generation BiCS Flash memory at the Kitakami plant.
- Kioxia President Hiroo Ota stated the venture will build a new 1.8 trillion yen facility at Kitakami in Iwate Prefecture while expanding capacity at the Yokkaichi plant in Mie Prefecture.
- Ota and Sandisk CEO David Goeckeler met with Prime Minister Sanae Takaichi on Thursday, who welcomed the investments as "very encouraging" and noted semiconductors rank among 17 strategic growth fields.
- Sandisk CEO David Goeckeler said the investments are "creating new economic opportunities for the people of Japan," though the companies noted the plan remains contingent on continued government support.
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Rutland Herald
TOKYO AND MILPITAS, California--(BUSINESS WIRE)--Aug. 27, 2026-
Electronic Products & Technology
Semiconductor DigestKioxia and Sandisk to invest over $31 billion in Japan
Aug. 27, 2026, Tokyo, Japan — Kioxia Corporation and Sandisk Corporation have announced $31 billion of investments in Japan, contingent upon government support. The investments through 2032 will continue to strengthen the Kioxia and Sandisk partnership, which has helped drive decades of NAND flash memory innovation and investments of over $50 billion in Japan over the past 25 years. Aligned with market trends, these investments will support the …
Kioxia and Sandisk outline plans for memory expansion
Kioxia Holdings Corp and Sandisk Corp plan to spend more than ￥5 trillion (US$31.4 billion) to ratchet up production capacity across Japan, aiming to boost output of a critical artificial intelligence (AI) data center component that is in short supply.The Tokyo-based maker of NAND flash memory aims
Kioxia and Sandisk to Invest Over $31 Billion in Japan, Extending Leadership in Memory Industry
Continued investments through 2032 will further strengthen the companies’ long-standing joint venture and drive meaningful, multi-year flash memory-supply Investments align with economic policy goals of Japanese government and reflect strong U.S. – Japan relations TOKYO & MILPITAS, Calif. — Kioxia Corporation, a subsidiary of Kioxia Holdings Corporation (TOKYO: 285A) and Sandisk Corporation (NASDAQ: SNDK) today […]
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