SanDisk is trading 3.17% up now at $9.44 after SanDisk and Kioxia announced plans to invest more than $31 billion in Japanese semiconductor facilities through 2032.
- Contingent on government support, the investment will expand advanced flash-memory capacity at Yokkaichi and Kitakami.
- The expansion targets growing AI and data-center demand.
- Broader markets are lower, suggesting the company-specific announcement is outweighing risk-off sentiment.