SK Hynix Deal to Acquire Link_A_Media Devices Closes
Santa Clara, CA, August 20, 2012 – SK Hynix Inc. (‘SK Hynix’ or ‘the Company’) announced on June 20, 2012 that it had entered into an agreement to acquire California-based storage solution company Link_A_Media Devices Corporation (“LAMD”). LAMD, founded in 2004, is a leader in the development of semiconductor system-on-chip (SoC) solutions for the data storage market. These SoC solutions, also called controllers, interface with processors to significantly increase the speed and reliability of Flash memory. As of the completion of the acquisition on August 20, 2012, LAMD joined SK Hynix as a wholly-owned independent subsidiary focused on customized NAND based solutions.
As various mobile applications such as smartphones and tables PC’s are being rapidly adopted and cloud computing grows in popularity, the NAND Flash market has been evolving from raw NAND memory solutions for USB and memory cards to value-added products equipped with controllers. The role of the NAND controller in premium products such as e-MMC (embedded Multi Media Card) and SSDs (Solid State Drives) has become increasingly important to meet the high memory densities and improved interface speeds required by end users.
“We expect our NAND Flash competitiveness will be further strengthened by the acquisition of LAMD which has extensive expertise in controller technology and excellent engineering resources. SK Hynix will leverage this acquisition and continuously develop value-added NAND solutions and respond to our customer’s needs,” said Mr. Oh Chul Kwon, President and CEO of SK Hynix. “We are excited to become a part of the SK Hynix family. This will enable us to bring our advanced controller solutions to a wide range of data storage products to meet the rapidly increasing demands of the worldwide business and consumer markets,” said Dr. Hemant Thapar, Found and CEO of LAMD.
About SK Hynix Inc.
SK Hynix Inc., Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (DRAM), flash memory chips (NAND Flash) and CMOS Image Sensors (CIS) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK Hynix is available at www.skhynix.com.
About Link_A_Media Devices
Link_A_Media Devices, Santa Clara, California, USA is a leader in the development of semiconductor SoC solutions for the data storage market. Its mixed signal processing and iterative data recovery technologies enable solid-state drive (SSD), hard disk drive (HDD) and Hybrid disk drive OEMs to increase storage density and reduce manufacturing costs. These advantages enable Link_A_Media Devices’ customers to continue to meet the growing demand for high-performance and low-cost data storage in consumer, computing and enterprise storage networking applications. For more information visit www.link-a-media.com.