Toshiba and SanDisk have announced a new joint venture to create an advanced NAND flash memory chip factory in Japan, as a way to keep ahead of strong growth in the market for the chips.
For their part, SanDisk will "pay for part of the production equipment at the factory," which will be overall run by Toshiba.
Both companies will share output from the factory. The companies have worked very closely together in the past in similar agreements, including NAND flash plants.
"Construction of the new fab reflects expectations for increasing demand for NAND flash memory for existing and emerging applications, such as smartphones and solid-state drives," reads a joint statement.
The factory will be called Fab 5 and is already in construction.
It is unclear how much the companies are investing to create the factory.
Both companies will share output from the factory. The companies have worked very closely together in the past in similar agreements, including NAND flash plants.
"Construction of the new fab reflects expectations for increasing demand for NAND flash memory for existing and emerging applications, such as smartphones and solid-state drives," reads a joint statement.
The factory will be called Fab 5 and is already in construction.
It is unclear how much the companies are investing to create the factory.
