Japan’s Kioxia Holdings will invest more than 1 trillion yen ($6.27 billion) to construct a new memory chip production facility in northern Japan, according to a report by Nikkei.
The planned investment, disclosed by people familiar with the matter, signals Kioxia’s commitment to expanding capacity as demand for memory chips remains elevated globally. The facility will be built at the company’s existing plant, reinforcing its manufacturing footprint in the region.
The report did not specify a timeline for construction or operation, though such projects typically span several years from planning to full production. Kioxia, a leading supplier of flash memory and solid-state drives, has faced supply constraints in recent periods, prompting capacity expansions to meet market needs.
The investment follows broader industry efforts to address semiconductor shortages and secure supply chains amid geopolitical and trade uncertainties. Kioxia’s move aligns with similar initiatives by peers to bolster domestic production capabilities in Japan.
