Kioxia and Sandisk plan more than $31 billion of investment in Japan through 2032

On August 27, 2026 Kioxia and Sandisk announced plans to invest more than $31 billion (about 5 trillion yen) in Japan through 2032, with the spending contingent on support from the Japanese government. The money is aimed at infrastructure and capacity at Kioxia's Yokkaichi and Kitakami plants, which supply Sandisk's wafers. Capacity commitments of this size shape supply growth and capital spending for the joint-venture fabs for years.

• Planned investment: more than $31 billion (about 5 trillion yen) through 2032
• Spending conditional on Japanese government support
• Targets Yokkaichi and Kitakami plant infrastructure and capacity