Sandisk and SK hynix Begin Global Standardization of Next-Generation Memory Solution, High Bandwidth Flash (HBF™)

Sandisk and SK hynix form a joint workstream under Open Compute Project to drive HBF™ standardization

Milpitas, California - February 25, 2026

Sandisk Corporation (Nasdaq: SNDK) and SK hynix held an ‘HBF Standardization Kick-Off’ event at Sandisk Global Headquarters, today announcing a joint effort to standardize High Bandwidth Flash (HBF™), the next-generation memory solution designed for the AI inference era. The companies will establish a dedicated workstream under the Open Compute Project (OCP) to advance the HBF™ standardization work.

Recently, the AI industry is shifting from training which focuses on creating Large Language Models (LLMs) to inference, which delivers actual AI services to users. Unlike training, inference runs continuously as models generate answers and predictions across millions of devices, making these workloads memory bandwidth and capacity hungry and increasingly power constrained. As this demand grows, this HBF™ solution addresses these challenges as a new memory category purpose-built for inference at scale. It is being designed to deliver high bandwidth with industry-leading capacity, while offering the persistence and thermal stability needed for large-scale AI deployments.

“We’re not just defining a new industry standard – we are setting the bar for the next era of AI computing,” said Alper Ilkbahar, Chief Technology Officer, Sandisk. “Through our workstream under the Open Compute Project, we’re laying the foundation for the HBF™ solution to become a core building block of next‑generation AI systems.”

By formalizing an HBF™ standard, Sandisk and SK hynix are working to ensure that this new memory category is ready for broad industry adoption and deployment, based on the companies’ experience in NAND design, SoC, and packaging.

About Sandisk

Sandisk (Nasdaq: SNDK) delivers innovative Flash solutions and advanced memory technologies that meet people and businesses at the intersection of their aspirations and the moment, enabling them to keep moving and pushing possibility forward. Follow Sandisk on Instagram, Facebook, X, LinkedIn, YouTube. Join TeamSandisk on Instagram.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including, statements regarding the planned HBF™ standardization effort, related timelines and development plans, expected product capabilities, and the anticipated adoption and impact of the company’s technologies. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse changes in global or regional economic conditions, including the impact of evolving trade policies, tariff regimes and trade wars; volatility in demand for the company’s products; pricing trends and fluctuations in average selling prices inflation; changes in interest rates and a potential economic recession; future responses to and effects of global health crises; the impact of business and market conditions; the impact of competitive products and pricing; the company’s development and introduction of products based on new technologies and management of technology transitions; risks associated with strategic initiatives, including restructurings, acquisitions, divestitures, cost saving measures and joint ventures; risks related to product defects; difficulties or delays in manufacturing or other supply chain disruptions; our reliance on strategic relationships with key partners, including Kioxia Corporation; attraction, retention, and development of skilled management and technical talent; risks associated with the use of artificial intelligence in our business operations; the company’s level of debt and other financial obligations; changes to the company’s relationships with key customers or consolidation among our customer base; compromise, damage or interruption from cybersecurity incidents or other data system security risks; our reliance on intellectual property; fluctuations in currency exchange rates; actions by competitors; risks associated with compliance with changing legal and regulatory requirements; future material impairments in the value of our goodwill and other long-lived assets; our ability to achieve some or all of the expected benefits of the separation from Western Digital Corporation; and other risks and uncertainties listed in our filings with the Securities and Exchange Commission (the “SEC”), including our annual report on Form 10-K and our other SEC filings, which are available on the SEC’s website at www.sec.gov. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Sandisk undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.

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Sandisk, the Sandisk logo and HBF are registered trademarks or trademarks of Sandisk Corporation or its affiliates in the U.S. and/or other countries. All other marks are the property of their respective owners.

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