Kioxia Holdings has formally decided to construct a third building at its Kitakami Plant in Kitakami, Iwate Prefecture. The company plans to invest approximately ¥5 trillion by 2032.
Kioxia President Ota Hiroo (太田 裕雄), who met with Prime Minister Takaichi Sanae (高市 早苗) at the Prime Minister's Office, was informed of the decision to construct a third manufacturing building at the Kitakami Plant in Iwate Prefecture.
The total investment in construction of the third building is expected to amount to ¥1.8 trillion, and the company also explained its policy of pursuing investments totaling approximately ¥5 trillion over the six years through 2032.
The company will expand its production capacity for three-dimensional flash memory to strengthen its production system, with operations targeted to begin during fiscal 2029. The investment contribution ratio will be approximately 60% from Kioxia and 40% from SanDisk.
The Kitakami Plant has so far operated the Kitakami Plant K1 and K2 facilities. Through the expansion represented by the third building, the company will respond to growing demand for NAND flash memory.