Kioxia and Sandisk to Invest Over $31 Billion in Japan, Extending Leadership in Memory Industry
Continued investments through 2032 will further strengthen the companies’ long-standing joint venture and drive meaningful, multi-year flash memory-supply
Investments align with economic policy goals of Japanese government and reflect strong U.S. – Japan relations
Kioxia Corporation, a subsidiary of Kioxia Holdings Corporation (TOKYO: 285A) and Sandisk Corporation (NASDAQ: SNDK) today announced anticipated significant investments in Japan, totaling over $31 billion (approximately 5 trillion yen) contingent upon government support. The investments through 2032 will continue to strengthen the Kioxia and Sandisk partnership, one of the most successful joint ventures across any industry. The partnership has helped drive decades of NAND flash memory innovation and invested over $50 billion (approximately 9 trillion yen) in Japan over the past 25 years. Kioxia and Sandisk will continue to deliver leading technology to support the growing demands of an AI and a data-driven world.
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