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SK Hynix turns new acquisition into a R&D hub

Posted: 14 Jun 2012 ?? ?Print Version ?Bookmark and Share

Keywords:flash memory? memory chip? NAND flash?

South Korean memory chip maker SK Hynix Inc. has revealed that it has bought Ideaflash Srl but the price of the acquisition was not disclosed.

Ideaflash was formed in 2007 by Carla Golla and Marco Roveda as the security and advanced technology division of Spansion Inc. It was then acquired by Elpida Memory Inc. but was bought back by Golla and Roveda in December 2011. Currently, it has around 50 flash memory R&D experts who were formerly from STMicroelectronics NV and Spansion.

SK Hynix is turning its new acquisition into an R&D center, the company said.

"The Italy R&D Center will closely cooperate with the headquarters in Korea and be operated as a core of NAND flash development activity," said Oh Chul Kwon, president and CEO of SK Hynix, in a statement.

Golla, previously CEO of Ideaflash, has been appointed head of SK Hynix Italy Srl.

- Peter Clarke
??EE Times

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