To meet growing demand for semiconductor memory, Kioxia Holdings has announced approximately ¥5 trillion in investment by 2032. It will build a third manufacturing building at its plant in Kitakami, Iwate Prefecture, targeting the start of operations during fiscal 2029, while also expanding its Yokkaichi plant in Mie Prefecture.
Kioxia Holdings has announced approximately ¥5 trillion in investment by 2032 to increase semiconductor memory production. Of that amount, approximately ¥1.8 trillion will be invested in its plant in Kitakami, Iwate Prefecture, where it will build a third manufacturing building.
The new building is targeted to begin operations during fiscal 2029 and is intended to increase production capacity at the Kitakami plant. The plant in Yokkaichi, Mie Prefecture, is also expected to be expanded.
President Ota Hiroo (太田裕雄) reportedly visited Prime Minister Takaichi Sanae (高市早苗) and conveyed the policy, and the prime minister expressed a strong welcome. The implementation and further details will be closely watched.