Japanese chipmaker Kioxia, Sandisk to spend 5 tril. yen to boost output
TOKYO (Kyodo) -- The top executive at Japanese chipmaker Kioxia Holdings Corp. said Thursday that the company and its partner Sandisk Corp. plan to sp
Japanese semiconductor companies Kioxia Holdings Corp. and Sandisk Corp. have announced plans to invest 5 trillion yen ($31 billion) over the next six years to increase their memory chip production. Kioxia President Hiroo Ota revealed that the joint venture with the U.S. memory chipmaker will construct a new plant at a cost of 1.8 trillion yen at their Kitakami site in Iwate Prefecture, which will commence operations in fiscal 2029.
Additionally, the venture will increase production capacity at their Yokkaichi plant in Mie Prefecture. During a meeting with Prime Minister Sanae Takaichi, Ota emphasized that these investments will generate new economic opportunities, particularly in Iwate and Mie prefectures, and the government strongly supports these initiatives.
The semiconductor industry is part of 17 strategic fields targeted for investment growth under Takaichi's administration.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
