Kioxia and SanDisk said on Aug. 27 that they plan to invest more than $31 billion, or about JPY 5 trillion, in Japan through 2032 to expand advanced NAND production capacity and support supply stability, subject to government backing. According to a Kioxia news release, the spending will go to the Yokkaichi and Kitakami sites, where the two companies develop and manufacture flash memory wafers through their joint venture structure. The investment includes infrastructure buildout and broader use of AI-driven smart manufacturing to support stable mass production of advanced 3D flash memory and future-generation technologies. The plan follows an agreement reached in January this year to extend the Yokkaichi plant joint venture framework through December 2034. Kioxia and SanDisk also said they have invested more than $50 billion, or about JPY 9 trillion, in Japan over the past 25 years. They described that long-running partnership as a key force in the evolution of global NAND technology, with the new investment lifting their cumulative commitment in Japan by about 60% as AI-related demand for NAND rises.
Kioxia and SanDisk said on Aug. 27 that they plan to invest more than $31 billion, or about JPY 5 trillion, in Japan by 2032 to expand advanced NAND production capacity and help secure stable supply, subject to government support.
Spending will target Yokkaichi and Kitakami
According to a Kioxia news release, the two companies develop and manufacture flash memory wafers through a joint venture structure. The new investment will go toward infrastructure at the Yokkaichi and Kitakami plants in Japan. It will also support broader use of AI-enabled smart manufacturing to maintain stable mass production of advanced 3D flash memory and support future-generation technology.
Plan follows January joint venture agreement
The announcement extends a framework the companies updated earlier this year. In January, they agreed to extend the joint venture structure for the Yokkaichi plant through December 2034.
More than $50 billion invested in Japan over 25 years
Kioxia and SanDisk said they have invested more than $50 billion, or about JPY 9 trillion, in Japan over the past 25 years. They said the partnership has been an important driver in the evolution of global NAND technology.
With AI pushing up demand for NAND, the planned investment of more than $31 billion would lift the companies’ cumulative investment in Japan by about 60%.
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