Kioxia to invest ¥1 trillion in AI memory and build a new plant

Kioxia has announced plans to invest ¥1 trillion in AI memory and build its third new production building in Kitakami, Iwate Prefecture. The company aims to begin operations in or after 2029, maintaining and strengthening its position as the world's third-largest NAND manufacturer.

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The story

Kioxia has disclosed plans to invest a total of ¥1 trillion in AI memory and build its third production building in Kitakami, Iwate Prefecture. Operations at the new plant are expected to begin in or after 2029.

The company is ranked third worldwide in the NAND memory market and plans to use subsidies from the Japanese government to advance the investment. Samsung Electronics and SK hynix are cited as its competitors.

At a glance

ScaleConstruction of a new plant with an investment of approximately ¥1 trillion

LocationConstruction of its third production building in Kitakami, Iwate Prefecture

DateOperations scheduled to begin in or after 2029

DetailsThe world's third-largest NAND manufacturer, using subsidies from the Japanese government

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