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[News] Kioxia Targets ¥470B Yearly Capex in FY26–28, Up 66% from FY25, Reportedly Weighing Third Kitakami Fab and M&A

What happened

Kioxia plans an average annual capex of ¥470 billion for FY2026-2028, up 66% from FY2025, to fund a potential third Kitakami fab. Despite current utilization at ~50%, supply-demand is expected to remain tight through 2027 driven by an 86% CAGR in inference AI NAND demand. Bullish for NAND pricing and supply constraints.

Impact and signal

Medium impactImpact score: 60/100

Affected components and suppliers

NAND Flash

Kioxia

capacity-expansioncapexnand-flashai-demandtight-supply

Source and time

Source: TrendForce · 6/2/2026 · View original source

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Where did that NAND upstart come from?Blocks & Files · 7/24/2026
Memory makers lift capex as Kioxia holds spending to defend NAND leadDigiTimes Asia · 8/3/2026
Top five NAND Flash brands post 77% revenue surge in Q2Evertiq · 8/18/2026
🤔 High-value products are squeezing mature-node capacity, leaving MLC #NAND in short supply and driving industrial and automotive customers to SLC ...TrendForce Official (Market Data) · 7/13/2026
Apple to raise prices due to memory chip shortage, CEO Cook tells WSJ. 📰 News Source: https://buff.ly/6RukuLrTrendForce Official (Market Data) · 6/21/2026
Phison is now demanding customers pre-pay with shorter timelines — NAND squeeze affecting everyone in the SSD supply chainTom's Hardware · 3/2/2026

[News] Kioxia Targets ¥470B Yearly Capex in FY26–28, Up 66% from FY25, Reportedly Weighing Third Kitakami Fab and M&A

What happened

Impact and signal

Affected components and suppliers

Source and time

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