Kioxia and Western Digital JV receives up to 92.9 billion yen subsidy for Yokkaichi Fab 7

Kioxia Corporation and Western Digital Corporation announced that their joint venture Fab7 manufacturing facility at Yokkaichi Plant has been approved to receive up to 92.9 billion yen subsidy from the Japanese government. The first phase of Fab7 is completed, with initial production output expected in fall 2022.

“We appreciate the support of the Japanese government and will continue to produce cutting-edge flash memory which is indispensable for a digital society where cloud services, 5G communications, IoT, AI and automated driving are expanding.”westerndigital.com

• 1 source
• westerndigital.comKioxia and Western Digital’s Joint Venture To Receive Up To 92.9 Billion Yen Government Subsidy for Yokkaichi Fab 7 | WDfor BusinessJul 26, 2022

Summarized from public sources; check the original articles before acting on it.