Sandisk Corp. secured long-term manufacturing capacity by extending its critical Yokkaichi joint venture with Kioxia through December 31, 2034.

  • The agreement requires a $1.165 billion payment for manufacturing services, ensuring continued access to advanced 3D flash capacity.
  • Executives noted that demand is expected to remain well above supply beyond calendar year 2026.
  • This supply assurance is crucial for positioning the company to capitalize on the acceleration in AI infrastructure development.