The company noted that following its successful 20-year partnership with Western Digital, the two companies regularly collaborate on facility operation
Kioxia Corporation will begin construction of a state-of-the-art fabrication facility (Fab7) at Yokkaichi Plant in Mie Prefecture, Japan to expand production of its proprietary 3D Flash memory BiCS FLASHTM. The construction of Kioxia Corporation’s Fab7 facility is expected to commence in the spring of 2021.
“Due to technological innovation, the amount of data being generated, stored and used around the world has increased exponentially. Furthermore, the flash memory market expects further growth driven by cloud services, 5G, IoT, AI and automated driving. As a result, the production of cutting-edge products in Kioxia Corporation’s Fab7 facility will continue to meet the increasing demand for memory around the world,” read company’s official statement.
Kioxia and Western Digital collaboration
The compnay noted that following its successful 20-year partnership with Western Digital, the two companies regularly collaborate on facility operation. Accordingly, Kioxia and Western Digital expect to continue their joint venture investments for the Fab7 facility.
The Fab7 facility will be built on the north side of Yokkaichi Plant, where land development is underway. In order to secure optimal production of advanced flash memory products, the construction of Fab7 will be divided into two phases, with the first phase of construction scheduled to be completed by the spring of 2022. Kioxia plans to fund the capital investments for the construction of Fab7 from its operating cash flow.
Semiconductor memory market size, as per a report by GM Insights, exceeded USD 100 billion in 2019 and is expected to grow at a CAGR of over 13.8 per cent from 2020 to 2026. The growing demand for smart devices and mobile phones worldwide will boost the market revenue.
The rising adoption of advanced safety systems in vehicles, such as airbags, ADAS, lighting, and braking, employ various sensors and ECUs that require highly efficient memory components, driving the market growth. The process analytical systems and cameras used in ADAS systems require a huge amount of flash and DRAM memory, adding an opportunity for the market.
