Solidigm, a US subsidiary of global semiconductor company SK hynix, Inc., will locate its global research and development operations in Rancho Cordova, California. The more than $100 million project is expected to create 1,900 jobs over the next five years in the Greater Sacramento area.
The company is currently working on leasehold improvements to the 230,000 square foot R&D campus and is targeting a move-in date in the first quarter of 2023.
“Solidigm is excited to bring innovation and jobs to Rancho Cordova and the Greater Sacramento area, known for its highly skilled workforce and inventive spirit,” said Solidigm CEO Rob Crooke. “We look forward to investing and supporting the region’s economic and community growth through jobs, partnerships and volunteerism.
Solidigm is one of the world’s leading providers of innovative NAND flash memory solutions. The company was launched as the U.S. subsidiary of SK hynix, Inc., the world’s second-largest memory chip maker, on December 29, 2021, following an October 2020 agreement by SK hynix to acquire the NAND business and SSD from Intel for 9 billion dollars.
“This investment was a significant team effort and demonstrated collaboration within the Greater Sacramento economic development community, proving global market validation in the semiconductor industry,” said Barry Broome, President and CEO of the Greater Sacramento Economic Council (GSEC). “I am proud of the GSEC and Rancho Cordova teams who have worked with our community partners to make this project a success for the California State Capital and place us on the world stage for future semi-economic development projects. drivers.”
According to company officials, the site was chosen for its large office and laboratory space, proximity to where Solidigm’s workforce lives, availability of public transportation, amenities within proximity and the ability to expand to accommodate a growing workforce.