Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034

Kioxia and Sandisk announced the extension of their joint venture agreements at Kioxia’s Yokkaichi Plant for an additional five years. Originally set to expire on December 31, 2029, the agreement will now run through December 31, 2034, marking another significant milestone in the companies’ remarkable partnership spanning more than 25 years.

This extension underscores the deep collaboration between Kioxia and Sandisk, as they continue to leverage AI-enabled smart manufacturing and economies of scale to ensure stable production of advanced 3D flash memory. Their advanced 3D memory products are critical for addressing the growing demand driven by generative AI applications. Furthermore, the joint venture agreement for Kioxia’s Kitakami Plant is aligned with the Yokkaichi agreement through December 31, 2034.

As part of this renewed agreement, Sandisk will pay Kioxia USD 1.165 billion for manufacturing services and continued availability of supply. These cash payments will be made in installments over the years 2026 to 2029.