Reported 20 days ago
Kioxia, the Japanese chipmaker backed by Bain Capital, anticipates that the demand for flash memory will nearly triple by 2028, driven largely by the growth of artificial intelligence. Following a challenging period, the company is planning a significant expansion of its manufacturing capacity in Kitakami, Iwate Prefecture. Although production at the new facility has been delayed until autumn 2025, Kioxia is preparing to meet increasing market needs, especially due to the rising investment in AI and its potential impact on smartphones and PCs.
Source: YAHOO