Kioxia Established a Loan Facility for Capital Investment

  • September 20, 2024
  • Kioxia Holdings Corporation

Kioxia Holdings Corporation, a world leader in memory solutions, today announced that the company and its subsidiary Kioxia Corporation concluded an agreement of establishment of loan facility of 120 billion yen for capital investment growth purpose with Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., and Sumitomo Mitsui Finance and Leasing Company, Limited. This is to be drawn down from time to time as necessary to fund specific capital investment, including investment related to the 8th generation BiCS FLASH™ at the company’s Yokkaichi and Kitakami plants in Japan.

Kioxia consolidated financial results has returned to profit since the fiscal quarter ending March 31, 2024. With growing demand for AI applications and datacenters, the growth potential of the flash memory market in the mid to long term is expected. By securing funds through these latest financing measures, Kioxia will continue to proactively implement initiatives to enhance its research and development capabilities of flash memory and agile capital investment in line with market trends.

  • This announcement has been prepared to provide information on our business and does not constitute or form part of an offer or invitation to sell or a solicitation of an offer to buy or subscribe for or otherwise acquire any securities in any jurisdiction or an inducement to engage in investment activity nor shall it form the basis of or be relied on in connection with any contract thereof.
  • Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.