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Toshiba Memory Corporation Starts Construction of the First Fabrication Facility in Kitakami City, Iwate Prefecture

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Toshiba
Memory Corporation
, the world leader in memory solutions, today held
a groundbreaking ceremony for the first semiconductor fabrication
facility (fab), called K1, in Kitakami, Iwate prefecture, in
northeastern Japan. On its completion in autumn 2019, the facility will
be one of the most advanced manufacturing operations in the world,
dedicated to production of 3D flash memory.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180723005189/en/

Artist's impression of the new fab (K1) (Graphic: Business Wire)

Artist's impression of the new fab (K1) (Graphic: Business Wire)

Toshiba Memory continues to advance technologies in flash memory. The
company is now leading the way forward with advances in its BiCS FLASH™,
its proprietary 3D flash memory.

Demand for 3D flash memory is increasing significantly on fast growing
demand for enterprise servers, datacenters and smartphones. Toshiba
memory expects continued strong growth in the mid and long term. The new
facility will make a major contribution to business competitiveness in
corporation with Yokkaichi operations.

The new facility will not only be the largest Toshiba Memory fab, but it
will be the most advanced as well. It will be constructed with a seismic
isolation structure that allows it to absorb earthquake tremors, and it
will reduce environmental loads by deployment of the latest
energy-saving manufacturing facilities. It will also introduce an
advanced production system that uses artificial intelligence (AI) to
boost productivity. Decisions on the new fab's equipment investment,
production capacity and production plan will reflect market trends.

Toshiba Memory expects to continue its joint venture investments in the
new facility based on ongoing discussions with Western Digital
Corporation.

Going forward, Toshiba Memory will continue to actively cultivate
initiatives aimed at strengthening competitiveness, including timely
capital investments and R&D in line with market trends. The company will
also contribute to the development of the regional economy of Iwate
prefecture, Japan.

About Toshiba Memory Corporation

Toshiba Memory Corporation, a world leader in memory solutions, is
dedicated to the development, production and sales of flash memory and
SSDs. In April 2017, Toshiba Memory was spun off from Toshiba
Corporation, the company that invented NAND flash memory in 1987.
Toshiba Memory pioneer cutting-edge memory solutions and services that
enrich people's lives and expand society's horizons. The company's
innovative 3D flash memory technology, BiCS FLASH™, is shaping the
future of storage in high density applications including advanced
smartphones, PCs, SSDs, automotive and data centers. For more
information on Toshiba Memory, please visit https://business.toshiba-memory.com/en-apac/top.html

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