WDC - Western Digital Kioxia jointly invest in new flash memory facility

Kioxia Corporation and Western Digital (NASDAQ:WDC) have finalized a formal agreement to jointly invest in the first phase of the Fab7 manufacturing facility at Kioxia's industry-leading Yokkaichi Plant in the Mie Prefecture of Japan. This marks another important milestone in the 20-year strategic joint-venture partnership between the two companies.  The JV investment adds a sixth flash memory manufacturing facility to the Yokkaichi Plant, enhancing its position as the world's largest flash memory manufacturing site. The first phase of the Y7 facility will produce 3D flash memory including 112- and 162-layer and future nodes. The JV investment initial production to begin in the fall of calendar 2022.

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Western Digital, Kioxia jointly invest in new flash memory facility