© SK Hynix Business | December 22, 2021
SK hynix gets Chinese "Ok" for Intel NAND deal
SK hynix has received merger clearance from the Chinese antitrust authority, State Administration for Market Regulation (SAMR) for its acquisition of Intel NAND and SSD business.
With SAMR’s merger clearance SK hynix has received all required merger clearances in eight jurisdictions from the relevant competition authorities. SK hynix says in a press release that it will continue to prepare to close the transaction including achieving all of the closing conditions. The consideration for the first closing is USD 7 billion. Upon the first closing, SK hynix will acquire the Intel SSD business, including SSD-associated IP and employees, and Dalian facility. "SK hynix sincerely welcomes and appreciates SAMR’s merger clearance for the deal. SK hynix will enhance its competitiveness of NAND Flash and SSD business by continuing the remaining post-merger integration process," the company writes in a the press release.
Semiconductor heavyweights urge congress to act on crisis IBM and 40+ business and academic leaders urges the New York state congressional delegation to act on the semiconductor crisis.
Verimatrix sold its portfolio of NFC patents to Infineon Verimatrix announces that it has sold its historical portfolio of NFC patents to semiconductor company Infineon Technologies AG for nearly USD 2 million.
JLT completes acquisition of French sales partner JLT Mobile Computers, a developer of computing solutions for demanding environments, has completed its acquisition of longtime French sales partner ID Work.
Rohm suspends Tianjin plant amid Covid-19 outbreak Following the outbreak of the new coronavirus variant in Tianjin, China on January 9, restrictions on movement have been imposed, including the start of PCR testing for all citizens. As a result, Rohm has temporarily suspended its Tianjin plant since January 9.
EMD Electronics expands with new factory in Arizona EMD Electronics, the North American Electronics business of Merck KGaA, Darmstadt, Germany, is expanding with a new factory in the greater Phoenix, Arizona area for the manufacture of equipment for its Delivery Systems & Services (DS&S) business.
Swedish biometrics company team up with Infineon Precise Biometrics has teamed up with Infineon to jointly provide fingerprint technology to allow various applications, including automated adjustments of driver settings in vehicles.
STMicro expects Q421 revenues of $3.56B Semiconductor manufacturer, STMicroelectronics, says that its preliminary and unaudited net revenues for the fourth quarter of 2021 are above its business outlook range.
Allegro MicroSystems appoints new Chief Financial Officer Allegro MicroSystems' Senior Vice President Chief Financial Officer and Treasurer, Paul Walsh, will be retiring.
Avnet Embedded opens new design centre in Germany In a move to further strengthen and expand its design competence of standardised and customised embedded products, Avnet Embedded opened a new design center in Deggendorf, Germany, on January 1, 2022.
TANAKA Denshi Kogyo to open new plant in China Japanese company will, via a subsidiary, establish a new plant in Hangzhou City, China, for the production of aluminum bonding wires for power semiconductors. The plant is scheduled to commence operations in November of 2022.
A*STAR and Soitec to develop next-gen SiC semiconductors The Institute of Microelectronics (IME) at the Agency for Science, Technology and Research (A*STAR) and Soitec have entered into a research collaboration with the aim of developing next-generation silicon carbide (SiC) semiconductor devices to power electric vehicles.
From Micron to Intel – David Zinsner joins as CFO Intel has appointed David Zinsner as the company’s executive vice president and chief financial officer (CFO), effective Jan. 17, 2022.
Neumonda brings Intelligent Memory to EMEA Neumonda, a specialty memory company with the “DNA” of former memory manufacturer Qimonda, announces that it has brought its subsidiary, Intelligent Memory (IM) – an independent manufacturer of industrial grade memory solutions – to Europe.
ASML provides an update on Berlin fire ASML is providing an update on the fire that occurred inside a part of its factory in Berlin, Germany on the third of January.
Elbit sells its Power and Control business in the UK Elbit Systems says that its UK subsidiary, Elbit Systems UK, has sold the Power and Control Business of its subsidiary Ferranti Technologies, to TT Electronics for approximately USD 12 million in cash.
SICK takes over MOBILISIS SICK announces that it is taking over Croatian IT company MOBILISIS in its entirety. The acquisition expands SICK AG’s expertise in the wireless networking of industrial IoT devices.
Murata to start construction of new R&D building Sabae Murata Manufacturing, a Murata Manufacturing subsidiary located in Sabae, Fukui Prefecture, will start construction of a new research and development building in February 2022.
SK ICT strengthen cooperation with Qualcomm During a meeting at CES 2022, Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix, held a meeting with Cristiano Amon, President and CEO of Qualcomm Incorporated, to discuss cooperation in the field of ICT.
Invertek Drives invests in manufacturing expansion Mid Wales-based manufacturer of electric motor control technology, Invertek Drives, is investing GPB 10 million to expand its global variable frequency drive (VFD) manufacturing and distribution centre, along with the development of a new Application Centre.
Trexon acquires Power Connector Trexon, a portfolio company of Audax Private Equity, has completed the acquisition of Power Connector Inc. (PCI), a supplier of Tactical Communications interconnect for military applications.
Qualcomm expands its automotive footprint in Europe Qualcomm Technologies says it has opened an engineering software office in Berlin, focused on supporting its European automotive customers with the latest Snapdragon Digital Chassis.
Hanwha acquires part of Samsung's wireless module business Hanwha Solutions says it has signed an agreement with Samsung Electro-Mechanics to acquire its wireless module business unit, which manufactures Wi-Fi and 5G mmWave antenna modules using organic substrate. The deal is expected to be closed by late March in 2022.
Navitas opens GaN IC design center dedicated to EVs Navitas Semiconductor is opening a new electric vehicle (EV) Design Center, further expanding into higher-power GaN markets.
Fire at ASML Berlin may impact EUV optical component supply A fire occurred at ASML’s factory in Berlin, Germany on January 3. According to TrendForce’s preliminary inquiry, approximately 200 square metre out of a factory floor covering 32,000 square metre was affected by the fire.
Fire incident at ASML Berlin On Tuesday morning, ASML reported that there had been a fire inside a part of its factory in Berlin, Germany, the night before
Micron updates on the situation in Xi’an, China Micron Technology says it is in full compliance with the Xi’an Government’s city closure, which took effect on December 23, 2021.Load more news