Kioxia and Western Digital’s Joint Venture To Receive Up To 150 Billion Yen Government Subsidy for Yokkaichi and Kitakami Plants
Leveraging an over 20-year joint venture partnership, Kioxia and Western Digital will continue to enhance the development and production capabilities of cutting-edge flash memory at the Yokkaichi and Kitakami plants in
“We appreciate the support of the Japanese government and will continue to produce cutting-edge flash memory, which is indispensable for technologies that underpin the expanding digital transformation of society. With this subsidy, we will continue to contribute to the advancement of the semiconductor industry and the development of local and domestic economies,” said Nobuo Hayasaka, President and CEO of Kioxia.
David Goeckeler, CEO of Western Digital said, “We thank the Japanese government for their ongoing and unwavering commitment to our joint venture flash memory manufacturing facilities in
Kioxia and Western Digital have the longest and most successful joint venture partnership in the semiconductor industry, creating category-defining products such as the 3D flash memory.
About Kioxia
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.
About Western Digital
Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world to actualize its aspirations. Core to our values, we recognize the urgency to combat climate change and have committed to ambitious carbon reduction goals approved by the Science Based Targets initiative. Learn more about Western Digital and the Western Digital®, SanDisk® and WD® brands at www.westerndigital.com.
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Kioxia Contacts:
kioxia-hd-pr@kioxia.com
Western Digital Contacts:
Investors: investor@wdc.com
Media: WD.Mediainquiries@wdc.com
Source: Western Digital Corporation