SK Hynix has announced that it has entered into an agreement to acquire Link_A_Media Devices Corp. (LAMD),a storage solution company. LAMD develops semiconductor controllers for the data storage market. The takeover will help SK Hynix to design, manufacture and sell its completely own solid-state and other storage solution, making SK Hynix a vertically integrated solid-state storage provider.
System-on-chips solutions from LAMD significantly increase the speed and reliability of NAND flash memory that is used on a wide variety of applications these days. As various mobile applications such as smartphones and tablet PCs 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 multimedia card) and SSDs 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 customers’ needs,” said Oh Chul Kwon, president and chief executive officer of SK Hynix.
Upon completion of the acquisition, LAMD will join SK Hynix as a business unit focused on customized NAND based solutions.
“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, founder and chief exec of LAMD.