Sandisk and Kioxia Plan to Invest More Than $31 Billion in Japanese Memory Plants - About 60% of What They Have Spent There in 25 Years.
Sandisk and Kioxia have announced a $31 billion investment plan for their Japanese flash memory manufacturing facilities through 2032. The project is contingent on government support and aims to bolster infrastructure and technology development.
Why it matters
This massive capital expenditure signals long-term confidence in the semiconductor and NAND flash memory market, which is critical for global electronics supply chains.
Flash memory specialist Sandisk ( SNDK +0.00% ) and its long-term manufacturing partner Kioxia said Thursday that they plan to invest more than $31 billion in Japan through 2032. The money is earmarked for infrastructure at the Yokkaichi and Kitakami plants (the factories where the two companies produce their NAND flash memory), along with related technology development.
The plan is contingent on Japanese government support.
Over the alliance's more than 25 years, the two companies have invested more than $50 billion in Japan, according to the announcement. The new plan would spend about 60% of that sum again in about six years.
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