July 23, 2014 4:53 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of SK hynix America Inc.

Company Overview

SK hynix America Inc. develops, distributes, and markets electronic devices. The company offers memory and logic types of semiconductors, flash memory devices, application-specific integrated circuits, liquid crystal displays, and wireless communications systems, as well as flash drives for MP3 players, video-game consoles, mobile phones, and other consumer electronics. The company was formerly known as Hynix Semiconductor America Inc.and changed its name to SK hynix America Inc. in December 2012. The company was founded in 1983 and is based in San Jose, California. SK hynix America Inc. operates as a subsidiary of SK Hynix, Inc.

3101 North First Street

San Jose, CA 95134

United States

Founded in 1983

Phone:

408-232-8000

Fax:

408-232-8103

Key Executives for SK hynix America Inc.

SK hynix America Inc. does not have any Key Executives recorded.

SK hynix America Inc. Key Developments

SanDisk Corporation File Civil Lawsuit Against SK Hynix, Inc., SK Hynix America and Related Entities

SanDisk Corporation announced that it has filed a civil lawsuit against SK Hynix, Inc., SK Hynix America and related entities in Santa Clara Superior Court. The lawsuit seeks damages, an injunction and other remedies against Hynix for trade secret misappropriation under California's Uniform Trade Secret Act. Additionally, SanDisk has submitted a criminal complaint with the Tokyo Metropolitan Police Department against a former employee. These actions relate to the theft of trade secrets related to NAND flash technology by a former engineer of SanDisk who left the company in 2008 to work for SK Hynix. This engineer is alleged to have illegally taken SanDisk's proprietary technical information and to have subsequently provided it to SK Hynix.

Plaintiffs Reaches Settlement in Class Action Against Samsung and Hynix for Alleged Unlawful Price Fixing of Dynamic Random Access Memory

The Plaintiffs in class actions filed in British Columbia, Ontario and Québec claim that Samsung Electronics Co. Ltd., Samsung Semiconductor Inc., Samsung Electronics America, Inc. and Samsung Electronics Canada Inc. (Samsung) and Hynix Semiconductor Inc., Hynix Semiconductor America Inc. and Hynix Semiconductor Manufacturing America, Inc. (Hynix), and numerous other DRAM manufacturers conspired to fix the prices for DRAM or products which contain DRAM in Canada. DRAM is a type of memory commonly used in computers and communication devices. On May 31, 2013, the parties to the lawsuit announced settlements with the defendants Samsung and Hynix which are subject to court approval. Samsung will pay CAD 22,600,000 and Hynix will pay CAD 15,600,000 for the benefit of settlement class members and will each provide cooperation that will assist with prosecuting the ongoing actions against remaining defendants in exchange for a full release of claims against them and their related entities. Residents of Canada or the United States at the time of purchase and/or at the time of notice, who purchased DRAM or products which contained DRAM in Canada between April 1, 1999 and June 30, 2002 are settlement class members.

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