Japan's Kioxia and Sandisk plan to spend $31B+ in Japan through 2032 to drive chip tech and expand production capacity, including an $11.3B Kitakami plant (Reuters)

Kioxia and SanDisk will invest more than $31 billion in Japan through 2032 to expand semiconductor production, with $11.3 billion earmarked for a new Kitakami fab. The spending aims to boost chip technology capabilities and increase manufacturing capacity across the country.