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Kioxia Corp. and Sandisk Corp. announced a planned investment of over $31 billion (approximately 5 trillion yen) through 2032 to expand NAND flash memory production in Japan, contingent on government support, reinforcing their decades-long joint venture to meet surging AI and data-driven demand. The investment, which builds on more than $50 billion (9 trillion yen) already invested in Japan over the past 25 years, will fund infrastructure buildout at the Yokkaichi and Kitakami plants, along with related technology. Both companies committed to multi-year bit growth and stable supply of innovative flash memory, essential for AI-driven societies. “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. David Goeckeler, chairman and CEO of Sandisk, noted the investments align with business strategy and financial guidance, ensuring support for customer demands while exemplifying US-Japan economic collaboration. The plan aligns with Japan’s economic policy goals under the Takaichi administration, supporting advanced semiconductor manufacturing. In January, Kioxia and Sandisk extended their joint venture framework at the Yokkaichi Plant through December 2034. The partnership, spanning over 25 years, collaborates on development and manufacturing of flash-based memory wafers, leveraging AI-enabled smart manufacturing to ensure stable production of advanced 3D flash memory.