Kioxia and Western Digital celebrate the start of production of Fab 7
![](https://cdn-0.meterpreter.org/wp-content/uploads/2022/10/Kioxia_Fab7.jpg)
Image: kioxia
Nobuo Hayasaka, President, and CEO of Kioxia Corporation said, “Fab7 is the latest and most technologically advanced semiconductor manufacturing facility in Japan and will be indispensable for Kioxia’s future. Long-term global demand for memory products is expected to increase as the world consumes more data across a variety of connected devices. We will continue to invest for the future and respond to market needs, in turn helping to build a digital society that enriches people’s lives.”
With the recent rise in costs due to inflation, a sluggish consumer market, and high inventory levels, Kioxia announced that it will cut about 30% of its 3D NAND flash memory capacity, but that doesn’t seem to affect Kioxia’s investment plans for future capacity.