Monthly Memory & Flash Market Watch

Japan's government said it will provide as much as 92.9 billion yen ($680 million) to KIOXIA Holdings and Western Digital Corp (WDC.O) to help them boost production and ensure a stable supply of memory chips in Japan. Western Digital has announced its collaboration with KIOXIA to manufacture a 162 Layer NAND using a process technology called bit column stacked or BiCS NAND. This process allows for the drive to allow for 162 layers placed on a single NAND flash.

SK Hynix has indefinitely postponed plans for a 4.3 trillion won ($3.3 billion) expansion of a memory chip plant amid rising cost and concerns about a protracted slump in demand.