Minister of Economy, Trade and Industry Saito announced that the company has decided to provide new support for capital investments made at factories in Mie and Iwate prefectures by major semiconductor manufacturers such as Kioxia to expand production of cutting-edge flash memory. .
A joint venture between major semiconductor company Kioxia and America's Western Digital is jointly producing flash memory at factories in Yokkaichi City, Mie Prefecture, and Kitakami City, Iwate Prefecture.
Regarding this, Minister of Economy, Trade and Industry Saito stated at a press conference after the Cabinet meeting on the 6th that the joint venture between the two companies will make a large capital investment to expand production of cutting-edge flash memory, and new support will be provided. revealed that he had decided.
In addition, Minister Saito said, ``We hope that this large-scale investment will have a wide range of economic effects on Mie Prefecture, Iwate Prefecture, and the surrounding areas, such as regional investment and wage increases. "We will work together to fulfill our responsibility to supply the memory that the world needs, and it is also of great significance from an economic security perspective."