Kioxia announced plans to build a new manufacturing building at its Kitakami Plant in Kitakami, Iwate Prefecture, and invest ¥5 trillion over the next 6 years jointly with its US-based partner SanDisk. Operations at the new building are expected to begin in fiscal 2029.
Kioxia announced plans to build a new manufacturing building at its Kitakami Plant in Kitakami, Iwate Prefecture. It will invest ¥5 trillion over the next 6 years jointly with its partner SanDisk, which is based in the United States.
Kioxia President Ota Hiroo (太田 裕雄) told The Nikkei that the opening of the new building had been brought forward by years in light of memory demand exceeding expectations. Operations at the new building are expected to begin in fiscal 2029.