Senior executives at Japan's Kioxia Holdings said the company and its partner Sandisk will invest 5 trillion yen (approximately $31 billion) over the next six years to expand memory chip production, as demand tied to the artificial intelligence boom remains high.
The announcement was made on Thursday (local time), underscoring a major investment strategy aimed at meeting rising needs from data centers and AI processing systems, which require high-performance, high-capacity memory chips.
Kioxia, formerly part of the Toshiba group, is one of the world's leading manufacturers of NAND flash memory. The partnership with Sandisk, which originated from a joint venture between Kioxia and Western Digital, is intended to optimize manufacturing capacity and accelerate the development of new technologies.
The planned capital will be used to build new plants, upgrade existing production lines, and research and develop advanced memory chip generations. This decision reflects confidence in the long-term prospects of the memory chip market, despite short-term fluctuations in the global semiconductor industry.
