Sandisk and Kioxia Plan to Invest More Than $31 Billion in Japanese Memory Plants — About 60% of What They Have Spent There in 25 Years.
The flash memory partners have put more than $50 billion in Japan over 25 years. The new plan would spend comfortably over half that sum again in about six years.
Overview
Flash memory specialist Sandisk (NASDAQ:SNDK) and its long-term manufacturing partner Kioxia said Thursday that they plan to invest more than $31 billion in Japan through 2032. The money is earmarked for infrastructure at the Yokkaichi and Kitakami plants (the factories where the two companies produce their NAND flash memory), along with related technology development.
The plan is contingent on Japanese government support.
Details
Over the alliance's more than 25 years, the two companies have invested more than $50 billion in Japan, according to the announcement. The new plan would spend about 60% of that sum again in about six years.
Source
Originally published at www.fool.com.