Market Chatter: Sandisk, Kioxia to Invest Over $31 Billion to Boost AI Chip Output in Japan

05:28 AM EDT, 08/27/2026 (MT Newswires) -- Sandisk Corp. (SNDK) and Kioxia Holdings Corp. plan to spend over 5 trillion yen ($31.39 billion) to boost production capacity in Japan, Bloomberg News reported Thursday, citing Kioxia Chief Executive Officer Hiroo Ota and people familiar with the matter. The six-year investment plan includes 1.8 trillion yen dedicated to a new Kitakami facility for advanced 3D flash memory chips, with both firms seeking Japanese government subsidies, the news outlet quoted the sources as saying. Sandisk and Kioxia did not immediately respond to MT Newswires' request for comment. Shares of Sandisk were up 4.9% in Thursday premarket activity. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)