Kioxia plans to build a new chip factory in Japan to meet storage requirements for artificial intelligence.
42 minutes ago
According to people familiar with the matter, Japanese memory chip maker Kioxia is building a new manufacturing plant at its production base in Iwate Prefecture, northern Japan, to ramp up production capacity and meet surging demand for storage devices in the artificial intelligence (AI) sector. The project is expected to exceed 1 trillion yen (about $6.27 billion). The new plant, the third facility at the base, will produce Kioxia’s latest high-density 3D flash memory chips, designed to handle the massive workloads generated by AI services. Kioxia started shipping its stacked NAND chips, the 10th-generation BiCS flash memory, last month. Against the backdrop of Japan’s ongoing financial support for firms including TSMC, Sony Group and Micron Technology, reports say Kioxia and SanDisk will apply for subsidies from the Japanese government. A source familiar with the matter noted Kioxia plans to announce the expansion plan on Thursday evening. (Source: Jinshi)
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