On Thursday, Japan’s Kioxia Holdings Corp stated, it would build a new production line for NAND memory chips in central Japan in order to meet surging demand for data storage across industry sectors ranging from smartphones to self-driving cars.
The new line, the seventh for Kioxia, will be built at its existing plant in Yokkaichi, with the first phase of the construction scheduled to be completed by the spring of 2022.
In a statement Kioxia said its U.S. partner, Western Digital, is also expected to invest in the new production line. It however did not disclose the total amount it will be investing in the new facility.
During the April to June quarter, Toshiba and Western Digital held a combined 32.7% share in the NAND global market in terms of revenue, exceeding industry leader Samsung Electronics’ 31.4% share, said TrendForce.