New Kioxia Flash Memory Manufacturing Building

Kioxia Corporation announced that the building construction of Fab2 (K2) of its Kitakami plant was completed in July.

Kitakami Plant (K2 is on the left, K1 is on the right)

K2 is the 2nd flash memory manufacturing facility at the Kitakami Plant in the Iwate Prefecture, Japan.

As demand is recovering, the company will gradually make capital investments while closely monitoring flash memory market trends. It plans to start operation at K2 in the fall of calendar year 2025.

In addition, some administration and engineering departments will move into a new administration building located adjacent to K2 beginning in November 2024 to oversee the operation of K2.

A portion of investment for K2 will be subsidized by the Japanese government according to the plan approved in February 2024.

Under its mission of ‘uplifting the world with ‘memory’, Kioxia is committed to capturing flash memory market opportunities for growing demand for AI applications and datacenters. It will continue to proactively implement initiatives to enhance its R&D capabilities of flash memory and implement agile capital investments in line with market trends.