Kioxia and U.S. company SanDisk will build a new facility at the Kitakami Plant in Kitakami, Iwate Prefecture, and aim to begin operations during fiscal 2029. They plan to invest approximately ¥5 trillion in Japan by 2032, subject to government support.
Kioxia and U.S. semiconductor memory company SanDisk announced plans to invest approximately ¥5 trillion in Japan by 2032. The investment is aimed mainly at increasing flash memory production and will cover the Kitakami Plant in Iwate Prefecture and the Yokkaichi Plant.
The companies plan to construct a third manufacturing building at the Kitakami Plant in Kitakami and aim to begin operations during fiscal 2029. The new building will be located south of the second manufacturing building, with approximately ¥1 trillion expected to be allocated to initial infrastructure development. The specific construction start date and timing of equipment installation will be determined in light of market conditions.
The two companies visited the Prime Minister's Office and reported their investment plans to Prime Minister Takaichi Sanae (高市早苗). They explained that continued and strategic government support is essential, and the government expressed its willingness to support expanded investment through public-private cooperation.
The investment, totaling approximately ¥5 trillion, has been planned on the assumption that government subsidies will be provided, building on more than 25 years of cooperation between Japan and the United States. The companies will establish production systems for leading-edge products at the Kitakami Plant and a broad range of products at the Yokkaichi Plant to meet demand for data storage in an AI-driven society.