Toshiba expects to continue its joint investments in and operations of the flash joint venture based on discussion with Western Digital in the new facility.
The new fab will have a quake absorbing structure and an environmentally friendly design that includes LED lighting throughout the building, plus the latest energy saving manufacturing equipment. It will also introduce a production system that uses artificial intelligence (AI) to boost productivity.
Annual profit forecast lifted
Toshiba also raised its annual operating profit forecast by 50 percent, saying it expects demand for its NAND flash memory chips to remain strong for the rest of the business year.
The group now expects an operating profit of 180 billion yen ($1.7 billion) for the year ending in March. It had previously forecast a 120 billion yen profit.
"We expect this trend for the memory chip market to continue in the second half of the business year," Toshiba said in a statement.