Toyota Weighs $2 B Texas Plant, Kioxia Forecasts ¥1.3 T Profit
Toyota is evaluating a $2 billion investment to add a Texas assembly line, with construction to begin later this year and production slated for 2030. Memory chip supplier Kioxia plans a U.S. listing and projects ¥1.3 trillion ($8.2 billion) operating profit for the June quarter, potentially tightening chip supply.
1. Toyota Mulls $2 B Texas Assembly Line Plan
Toyota Motor Corp is exploring a $2 billion outlay to build a new assembly line in Texas, aiming to start construction later this year and begin vehicle output by 2030. The investment would increase North American capacity to address rising demand and diversify production away from Japan. Final approval is expected once cost estimates and supply agreements are secured.
2. Kioxia Plans U.S. Listing and Posts Record Profits
Kioxia Holdings Corp plans to list American depositary shares, targeting a U.S. debut after achieving record operating profit of ¥596.8 billion in the March quarter and forecasting ¥1.3 trillion for the June quarter. The memory chip maker has seen prices surge due to global shortages and AI-driven demand, with shares up about 300% year-to-date. Tighter supply and higher chip costs could influence component expenses for automakers including Toyota.