SK hynix signs deal to acquire U.S. flash solution provider
May 30, 2014
SK hynix said Friday it has signed a deal to acquire part of U.S. data storage firm Violin Memory to enhance its presence in the fast-growing market for flash memory devices. Shares of the world’s No. 2 memory chipmaker rose to a 52-week high of 44,150 won on expectations that the deal would sharpen its edge in high-value-added semiconductors. Violin said SK hynix has agreed to pay about $23 million in cash to take over its computer expansion card division based on PCIe (Peripheral Component Int