According to Jiji Press, Japan's leading memory chip manufacturer Kioxia Holdings will build a new production facility at its plant in Kitakami, Iwate Prefecture, in northeastern Japan. The company is expected to invest over 1 trillion yen in this new memory chip production facility. Kioxia Holdings President Yuji Ota plans to convey this plan later that day during a meeting with Prime Minister Sanae Takaichi at the Prime Minister's Office in Tokyo. The company currently produces NAND flash chi

According to the Japanese Jiji Press, Japan’s leading memory chip manufacturer Kioxia Holdings will construct a new production facility within its factory in Kitakami, Iwate Prefecture, in the northeast of Japan. The company is expected to invest over 1 trillion yen in this new memory chip production facility. Kioxia Holdings President Yuji Ota plans to convey this project later in the day during a meeting with Japan’s Prime Minister Sanae Takaichi at the Prime Minister’s Office in Tokyo. The company currently manufactures NAND flash memory chips at its factories in Yokkaichi, Mie Prefecture in central Japan, and Kitakami, Iwate Prefecture. By building this new facility, the company aims to address the growing demand for memory chips from data centers amidst the spread of artificial intelligence.