![1722505123_business-news-2.jpg](https://palpalnewshub.com/wp-content/uploads/2024/08/1722505123_business-news-2-696x395.jpg)
TOKYO, Japan:
![Kitakami Plant (K2 is on the left, K1 is on the right) (Photo: Business Wire)](https://mms.businesswire.com/media/20240731155141/en/2203556/4/KIOXIA_KitakamiPlant_fullview_June2024.jpg)
Kitakami Plant (K2 is on the left, K1 is on the right) (Photo: Business Wire)
In addition, some administration and engineering departments will move into a new administration building located adjacent to K2 beginning in November 2024 to oversee the operation of K2.
A portion of investment for K2 will be subsidized by the Japanese government according to the plan approved in February 2024.
Under its mission of “uplifting the world with ‘memory’”, Kioxia is committed to capturing flash memory market opportunities for growing demand for AI applications and datacenters. Kioxia will continue to proactively implement initiatives to enhance its research and development capabilities of flash memory and implement agile capital investments in line with market trends.