On August 27, Kioxia Holdings CEO Hiroo Ota announced that Kioxia and its partner SanDisk plan to jointly invest over 5 trillion yen (approximately $31.4 billion) in Japan over the next six years to expand memory chip production capacity. Among them, Kioxia will independently invest approximately 1.8 trillion yen to build a new factory in Kitakami, Iwate Prefecture, focusing on the production of high-density 3D NAND flash memory chips for AI data centers. Additionally, Kioxia stated that it will seek subsidy support from the Japanese government together with SanDisk.