Kioxia and Sandisk Plan 31B Chip Investment

Kioxia and Sandisk plan to invest over 31 billion dollars in Japan through 2032 to expand semiconductor production. The joint project will fund a new facility at the Kitakami plant, contingent on government support.

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Japanese Prime Minister Sanae Takaichi poses with Sandisk Corporation CEO David Goeckeler and Kioxia Corporation CEO Hiroo Ota ahead of their meeting at the prime minister’s official residence in Tokyo, Japan, August 27, 2026. Kioxia Holdings plans to build a new facility for memory production at its Kitakami Plant in Kitakami, Iwate Prefecture. The investment expected to exceed 1 trillion yen

KIOXIA HOLDINGS CORP and SANDISK CORP will invest over $31 billion in Japan through 2032 to expand memory chip production. The six-year plan targets surging global demand driven by artificial intelligence. Government financial support remains a key condition for the project.

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