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Report: Toshiba to allocate $6.6B for new NAND plant

Posted: 08 Feb 2008 ?? ?Print Version ?Bookmark and Share

Keywords:NAND? flash memory? new plant?

Toshiba Corp. is said to be readying about $6.6 billion for the construction of a new NAND flash memory facility in northern Japan. Asahi Shimbun reported last week (Jan.31) that the new plant, to be located in Iwate Prefecture, will commence mass production in April 2009.

NAND flash memory is widely employed in portable products such as cellphones and MP3 players. Recently, reports circulated that the NAND flash market is up against another downturn given recent select shortages and flat average selling prices.

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