Japan's Kioxia extends memory chip JV with Sandisk, receiving $1bn

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Semiconductors

US partner's access to Yokkaichi plant to last 5 more years through 2034

20260130N Kioxia

Kioxia and Sandisk extended their joint production agreement at the Yokkaichi plant, seen here, by five years through 2034. (Kioxia)

RYO MUKANO

January 31, 2026 02:26 JST

TOKYO -- Japanese memory chip supplier Kioxia Holdings will be paid over $1 billion in a deal announced Friday for a five-year extension of a joint venture manufacturing agreement with U.S. partner Sandisk.