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.

Aligned with market trends, these investments will support the ongoing buildout of infrastructure at the Yokkaichi Plant and the Kitakami Plant, along with related infrastructure, technology. Kioxia and Sandisk each has committed to drive meaningful, multi-year bit growth and ensuring stable supply to address the strong demand for their innovative flash memory technology. In line with these commitments, the announced investments are intended to fuel the joint venture’s long-term success and ability to deliver leading-edge flash memory innovations at scale and with stability.

"This joint investment further strengthens our longstanding partnership with Sandisk and underscores Kioxia’s strong commitment to contributing to the advancement of an AI-driven society," said Hiroo Ota, President and CEO of Kioxia. "Kioxia will continue to meet growing demand for high-capacity, high-performance, and power-efficient flash memory, which is essential to the growth of an AI-driven society. We sincerely appreciate the support of the Japanese government to date and recognize the importance of its continued strategic support in maintaining further strengthening our global competitiveness."

"For decades, Sandisk and Kioxia have jointly developed world-class NAND flash memory technology," said David Goeckeler, Chairman and CEO of Sandisk Corporation. "In line with our business strategy and financial guidance, these planned investments will ensure our ability to support our customer’s increasing demands for our technology, while providing new economic opportunities for the communities we operate in and serving as a premier example of U.S.-Japan economic collaboration."

These investments are aligned with economic policy goals of Takaichi administration, supporting a strategically important sector with the expansion of advanced manufacturing for cutting-edge semiconductor technologies.

In January, Kioxia and Sandisk announced the extension of their joint venture framework at Kioxia’s Yokkaichi Plant through December 2034. Through the joint venture, which has spanned more than 25 years, Kioxia and Sandisk collaborate in the development and manufacturing of flash-based memory wafers. This announcement reflects the strength of the longstanding partnership and its ability to leverage AI-enabled smart manufacturing at scale to ensure stable production of advanced 3D flash memory.