Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom
Politics

Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom

Channel News Asia Thursday 27 August 2026, 09:26 UTC 1 min read
Key Points

Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom TOKYO, Aug 27 : Japan's Kioxia and U.S.-based Sandisk said on Thursday they planned to invest more than $31 billion in Japan through 2032 to drive semiconductor technology and expand production capacity, as the AI boom boosts demand for memory chips. The joint investment is contingent on "government support", they said in a statement. As part of the six-year investment plan, a new memory chip production facility will be built...

Kioxia, Sandisk to invest over $31 billion in Japan amid AI boom TOKYO, Aug 27 : Japan's Kioxia and U.S.-based Sandisk said on Thursday they planned to invest more than $31 billion in Japan through 2032 to drive semiconductor technology and expand production capacity, as the AI boom boosts demand for memory chips. The joint investment is contingent on "government support", they said in a statement. • As part of the six-year investment plan, a new memory chip production facility will be built at Kioxia's Kitakami plant in northern Japan, with an investment of 1.8 trillion yen ($11.30 billion), Kioxia CEO Hiroo Ota said. • The growth of AI has fuelled a turnaround for Kioxia, which was once seen as a symbol of Japan's chipmaking struggles. • Kioxia is manufacturing 10th-generation BiCS Flash memory, developed with Sandisk, at its Kitakami plant. • Ota and Sandisk CEO David Goeckeler met with Prime Minister Sanae Takaichi on Thursday. ($1 = 159.3300 yen)
Sandisk (ORG) Japan (LOCATION) TOKYO (LOCATION) Kioxia (PERSON) AI (ORG) Kitakami (LOCATION) Hiroo Ota (PERSON) • Kioxia (PERSON) BiCS Flash (ORG) David Goeckeler (PERSON) Sanae Takaichi (PERSON)
Originally published by Channel News Asia Read original →

Related Stories

Youth unemployment in UK falls below 1 million

Number of Neets is 30,000 higher than a year ago but figures boost efforts to reverse rise in economic inactivity The number of young people not in education, employment or training (Neet) across the UK fell below 1 million in the latest three-month period. In a boost to the government’s efforts to reverse years of rising economic inactivity among people aged 16 to 24, the Office for National Statistics said its surveys showed there were an estimated 981,000 Neets in April to June, compared...

The Guardian Business 9m ago

Tanzania's VP expelled from ruling party for indiscipline as his successor named

Nchimbi announced his resignation earlier this week after reportedly falling out with President Samia.

BBC World 16m ago

12-year-old girl hailed as a hero after she tried to save her family in Montana mass shooting that left 8 dead

12-year-old girl hailed as a hero after she tried to save her family in Montana mass shooting that left 8 dead ‘The one thing we do know is that Charlotte was the hero,’ a neighbor said of the late 12-year-old - Bookmark A 12-year-old girl has been hailed as a hero after she tried desperately to save her family during a Montana mass shooting that left 8 dead. The attack occurred outside Billings at a home owned by victims Dana Smith, 73, and Barbara Smith, 72, police said. They were killed,...

The Independent World 26m ago

Iowa Dem gubernatorial candidate says he would not want Biden or Harris to campaign for him

Iowa Democratic gubernatorial candidate Rob Sand flatly stated that he would not want to have former President Joe Biden or former Vice President Kamala Harris campaign for him. When Politico's Jonathan Martin asked Sand if he would want Biden to campaign for him, the candidate said, "No. Can he even do that right now? ""No thanks," Sand said after Martin asked about Harris.

Fox News 30m ago