2022-04-14 | NDAQ:WDC | Press release
Initial production will begin in the fall of the 2022 calendar
Kioxia Corporation and Western Digital Corp. (NASDAQ: WDC) have finalized a formal agreement to jointly invest in the first phase of the Fab7 (Y7) manufacturing plant at the industry-leading Yokkaichi plant in Kioxia, Mie Prefecture, Japan. With the construction of the first phase of Y7 complete, the joint venture investment will enable initial production from the fall of this year. This marks another milestone in the 20-year strategic joint venture partnership between the two companies.
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Fab7 (Y7), Yokkaichi Plant (Photo: Business Wire)
“We are very pleased to further deepen our strategic partnership with Western Digital through this joint investment in Y7, ” said Nobuo Hayasaka, President and CEO of Kioxia. “The rapid digitization of societies underpins the acceleration in the use of memory products. We will continue to leverage our technology partnership and economies of scale to develop and produce advanced semiconductor products and achieve organic business growth.”
“This joint investment in Y7 furthers our productive and positive relationship with Kioxia, underscoring our substantial global share in memory, the continued importance of memory and storage, and our multi-faceted commitment to Japan,” said Dr. Siva. Sivaram, President, Technology and Strategy, Western Digital. “Our strategic partnership with Kioxia has led to the introduction of cutting-edge technology while scaling up manufacturing and R&D capabilities. We look forward to continuing to deliver long-term success together.”
This joint venture investment adds a sixth flash memory manufacturing plant to the Yokkaichi plant, further strengthening its position as the world’s largest flash memory manufacturing site. The first phase of the Y7 facility will produce 3D flash memory comprising 112 and 162 layers and future nodes.
Kioxia and Western Digital will continue to maximize their synergies through the joint development of 3D flash memory and joint investments in line with market trends to strengthen their respective competitiveness and expand their memory leadership.
Kioxia is a global leader in memory solutions, dedicated to the development, production and sale of flash memory and solid state drives. 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 elevating the world with memory by offering products, services and systems that create a choice for customers and based on memory. 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 ability to use it. With Flash and HDD franchises, backed by advances in memory technologies, we create breakthrough innovations and powerful data storage solutions that empower the world to actualize its aspirations. At the heart of our values, we recognize the urgency of tackling climate change and are committed to achieving ambitious carbon reduction targets endorsed by the Science Based Targets initiative. Learn more about Western Digital and Western Digital®, SanDisk® and WD® brands at www.westerndigital.com.
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