SK hynix Establishes a Flash R&D Center in Europe

(Center) Oh Chul Kwon, President and CEO of SK hynix
(Second from the Left) Carla Golla, Head of SK hynix Italy R&D Center

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Seoul, June 12, 2012

SK hynix Inc. (‘SK hynix’ or ‘the Company’, www.skhynix.com) announced it established a research and development (or ‘R&D’) center ‘SK hynix Italy S.r.l.’ in Italy. The Company had acquired Ideaflash S.r.l. (or ‘Ideaflash’), an Italian NAND Flash developer, that now is opened as a new R&D center of SK hynix. The opening ceremony was held in Italy on June 11th, 2012.

Ideaflash has mainly been consisted of 50 R&D experts with 12 or more years of average experiences who had formerly engaged in ST Micro and Spansion. They had had various successful experiences in the development of the various Flash memory devices. Carla Golla, who had been the former Ideaflash CEO, was appointed to the head of the newly opened SK hynix’s Italy R&D Center.

“The Italy R&D Center will closely cooperate with the headquarters in Korea and be operated as a core of NAND Flash development activities. SK hynix will further strengthen global R&D competence with outstanding experts.” said Oh Chul Kwon, President and CEO of SK hynix at the opening ceremony.

SK hynix has been operating its R&D centers in the US, Japan and Taiwan. By additionally opening the R&D center in a European region, the Company has secured global R&D bases in four main business areas.

Recently in the NAND Flash industry, a quick response to the market is crucial since various solutions in diverse mobile and smart applications have been released. SK hynix will respond to demands in Europe and reinforce abilities in NAND Flash development.

■ S.r.l.
S.r.l. is “Società a Responsabilità Limitata” in Italian. It is equivalent to “Private Limited Company” in English.

About SK hynix Inc.

SK hynix Inc., Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), Flash memory chips (“NAND Flash”) and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com.