Kioxia Holdings plans to build a new production facility at one of its factories in northern Japan, with total investment expected to exceed 1 trillion yen, or about $6.27 billion, according to a report by Nikkei Asia. The move would mark a major capacity expansion by the memory chip maker as it responds to market demand.
Kioxia currently ranks third in the global NAND flash market, behind Samsung Electronics and SK Hynix. Nikkei Asia said the company is pushing ahead with the new facility as it seeks to keep pace with its South Korean rivals, which have been raising output.
The report frames the project as part of a broader competitive push in the memory sector, where manufacturers are adjusting production plans to meet demand. No additional construction timeline or operating details were disclosed in the source material provided.
Kioxia Holdings plans to build a new production facility at its factory in northern Japan, with investment expected to exceed 1 trillion yen, or roughly $6.27 billion, according to Nikkei Asia, as cited by ChainCatcher.
Kioxia is currently the world’s third-largest player in the NAND flash market, trailing Samsung Electronics and SK Hynix. The report said the company is moving to expand output in step with its South Korean competitors to meet market demand.
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