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Kioxia and Western Digital (SanDisk) have partnered to build a third wafer fabrication plant in Iwate Prefecture, Japan, to expand NAND flash memory production to meet AI storage demand.
The new factory will focus on producing the latest generation of high-density 3D NAND flash memory chips, and plans to apply for subsidies from the Japanese government. Kioxia CEO Hiroo Ota and SanDisk CEO David Goeckeler will jointly meet with Japanese Prime Minister Sanae Takaichi today. Following the announcement, Kioxia's stock price rose by as much as 6.9% during intraday trading.
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