Kioxia Holdings has disclosed plans to invest approximately ¥5 trillion over the next 6 years in semiconductor plants and technology development in Kitakami, Iwate Prefecture, and Yokkaichi, Mie Prefecture. Approximately ¥1.8 trillion will be invested in the Kitakami Plant to develop facilities, including a third building, with operations targeted to begin in 2029.
Kioxia Holdings announced an investment plan worth approximately ¥5 trillion over 6 years. Together with its U.S. partner SanDisk, the company will direct funds to the Kitakami Plant in Kitakami, Iwate Prefecture, and the Yokkaichi Plant in Yokkaichi, Mie Prefecture, to meet growing demand for AI. The plan is premised on government backing, and President Ota Hiroo (太田裕雄) said he expects support of approximately one-third.
Approximately ¥1.8 trillion will be invested in the Kitakami Plant to construct a third building and other facilities. The plan targets the start of operations in 2029 and shipments in 2030. The investment announcement was made that afternoon, the same day President Ota and SanDisk CEO David Goeckeler visited Prime Minister Takaichi Sanae (高市早苗).
The company has previously pursued investments with government support, anticipating increased demand for AI inference. Its capital investment plan for the current fiscal year is approximately ¥450 billion, up about 60% from the previous fiscal year, while the average over the 3 years from the current fiscal year is said to remain at approximately ¥470 billion.