Kioxia has formally announced plans to build a new plant in Kitakami, Iwate Prefecture. The company plans to invest more than ¥1 trillion in total and aims to begin operations from 2029 onward.
Kioxia has disclosed plans to establish a new plant by constructing a third building at its site in Kitakami, Iwate Prefecture. Total investment is expected to exceed ¥1 trillion, with operations scheduled to begin from 2029 onward.
The new plant will be built through a joint investment with US-based SanDisk, and subsidies from Japan's Ministry of Economy, Trade and Industry are also expected to be provided. The plant is scheduled to mass-produce NAND flash memory for long-term data storage.
According to The Nikkei, Kioxia has begun sounding out some business partners about supplying equipment for the new plant, aiming to expand supply capacity by adding a third facility.
As large-scale investment by South Korean companies, led by Samsung Electronics and SK hynix, continues across the industry, the Japanese government is promoting the revitalization of the semiconductor industry in line with growing demand for AI. Strategic investment through 2040 is expected to be substantial, and public-private collaboration in the semiconductor sector is gaining momentum.