FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Kioxia to Build 1 Trillion Yen NAND Flash Memory Production Facility in Northern Japan; Shares Up 5%

By

Kioxia (TYO:285A) plans to build a NAND flash memory production facility at its Iwate plant in Northern Japan, with an investment that is expected to surpass 1 trillion yen, Nikkei Asia reported Thursday.

The facility will be the third building at the Iwate site and is expected to commence operations in 2029 or later, the report said.

Kioxia executives are expected to visit the prime minister's office on Thursday to announce construction plans for the new facility. The firm has begun approaching equipment suppliers and may receive subsidies from Japan's Ministry of Economy, Trade and Industry as well, it said.

The memory chip maker did not immediately respond to' request for comment.

Shares of Kioxia rose over 5% in recent trade.

(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.)

Related Articles

Asia

S&P Global Ratings Upgrades AMP's Issuer Credit Rating to 'BBB+', Outlook Stable

AMP (ASX:AMP) said S&P Global Ratings upgraded its issuer credit rating on AMP "BBB+" from "BBB" and affirmed the outlook at stable, according to a Wednesday Australian bourse filing.The issuer credit rating on AMP Bank was affirmed at "BBB+" and the outlook was changed to negative from stable.Its shares fell 1% in recent trading on Wednesday.

ASX:AMP
Asia

Sandfire Resources Completes Near-Mine Exploration at Prospects Near Spain Mines; Shares Reach All-Time Peak

Sandfire Resources (ASX:SFR) said it completed 46 near-mine exploration drill holes at Masa 2 West and Masa Olivo prospects at the Magdalena mine in Spain for 27,972 meters, as well as four drill holes at the La Juliana prospect near the Aguas Teñidas mine in Spain for 2,596 meters, according to a Wednesday Australian bourse filing.It hit intercepts of 14.4 meters at 0.4% grade of copper, 15% grade of zinc, 4.4% grade of lead, 0.6 grams per tonne (g/t) grade of gold, and 158.1 g/t grade of silver from 307 meters, 5.5 meters at 3.1% grade of copper, 0.1% grade of zinc, 0.1% grade of lead, 0.9 g/t grade of gold, and 7.2 g/t grade of silver from 524 meters, as well as 8.6 meters 1.3% grade of copper, 0.1% grade of zinc, 0.1% grade of lead, 1.3 g/t grade of gold, and 5.8 g/t grade of silver from 556.2 meters, per the filing.The company said it also completed seven near-mine exploration drill holes at A1 for about 2,045 meters and three drill holes at A4 West for 2,296 meters.The mining company's shares rose 7% in recent trading on Wednesday and earlier reached their all-time peak.

ASX:SFR
Asia

Lakala Payment Terminates Plans For Hong Kong IPO

Lakala Payment (SHE:300773) has decided to terminate its proposed secondary listing on the main board of the Hong Kong Exchange, according to a Wednesday filing with the Shenzhen bourse.The digital payment service provider initially approved the overseas listing plans in August and September 2025.However, due to changes in the market environment and adjustments to its plans, the board voted at a meeting on Tuesday to scrap the plan.

SHE:300773