Corporation and Sandisk Corporation have announced plans for anticipated investments in totaling over $31 billion, or 5 trillion yen, through 2032. The funding, contingent on government support, will expand infrastructure at the Yokkaichi and Kitakami plants.
The companies, led by Kioxia CEO Hiroo Ota and Sandisk CEO David Goeckeler, will continue their 25-year partnership developing flash-based memory wafers. This follows a January agreement extending their joint venture at the Yokkaichi Plant through December 2034.
This $31 billion initiative aligns with the Takaichi administration's economic goals and builds on $50 billion previously invested in Japan. Kioxia (TSE: 285A) and Sandisk (NASDAQ: SNDK) remain critical partners in the global semiconductor manufacturing sector.