Kioxia has resumed full production after 20 months of cuts. Improved market conditions are behind the changes, reports Nikkei. This potentially means that the world's fourth-largest maker of 3D NAND is back to competing for market share, which could mean price drops for flash memory. The company has also secured refinancing of ¥540 billion ($3.424 billion) and a new line of credit worth ¥210 billion ($1.332 billion) from its lenders.
In June, Kioxia increased production to full capacity at its Yokkaichi and Kitakami plants, which produce NAND flash memory, the report says. The production cuts, which began in October 2022, were a response to declining demand for Kioxia's 3D NAND memory designed for smartphones, with reductions exceeding 30% at their peak. Additionally, the launch of a new fab at the Kitakami site has been delayed from 2023 to at least 2025.
