Kioxia, Sandisk plan $31.4 billion Japan investment to boost AI chip output

Kioxia and Sandisk will invest over $31.4 billion to increase chip production. This significant investment will occur over the next six years in Japan. A new facility in Kitakami will produce high-density 3D flash memory chips. These chips are essential for managing massive artificial intelligence workloads. The move aims to ease global shortages and reduce electronics costs.