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SK hynix Inc. the world's second-largest memory chipmaker, said Tuesday it has
reached a patent cross-licensing deal with U.S.-based Spansion Inc. to expand
its product portfolio and research capabilities.
The deal with the NOR
flash memory technology leader could also reduce the chipmaker's vulnerability
to patent claims that can disrupt production.
NOR memory is a
non-volatile storage technology that does not require power to retain data and
is faster in processing data than NAND flash memory devices, although its
storage capability is limited. South Korean companies are globally dominant in
the NAND chip field.
The South Korean company, formerly called Hynix
Semiconductor Inc., added that under the strategic alliance arrangement, it
secured a stable partner to produce single level cell NAND flash memory chips
that can be used in cars, digital TVs, mobile phones.
SK hynix said
the strategic tie-up complements the strengths of the two companies and could
lead to greater research and development, and a more diverse product
portfolio.
"By merging SK hynix's prowess in NAND flash memory
production with Spansion's NOR-related knowhow, the deal can better meet the
needs of the global market," said Kwon Oh-chul, chief executive of the South
Korean chipmaker.
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