Samsung Electronics Acquires Grandis, Inc.

SEOUL, South Korea--()--Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced acquisition of Grandis, Inc. (based in Silicon Valley, California), a leader in spin transfer torque random access memory (STT-RAM). Grandis will be merged into those Samsung's R&D operations that are focused on developing the next evolution of memory, where new semiconductor materials and structures are reviewed for their long-term commercial value. With its expertise in next-generation memory solutions and strong technical capabilities, Grandis will contribute to Samsung’s continued development of cutting-edge memory semiconductor technologies and become a key part of the company’s global R&D network.

Effective late July, the acquisition includes the full scope of technology, assets and human resources under Grandis, Inc. Further details of the transaction were not disclosed.

Contacts

Samsung Semiconductor
John Lucas, APR, 408-544-4363
Mobile 408-712-7856
j.lucas@ssi.samsung.com
or
Grandis
Alexander Driskill-Smith, 408-457-1248
alexander.driskill-smith@grandisinc.com

Sharing

Contacts

Samsung Semiconductor
John Lucas, APR, 408-544-4363
Mobile 408-712-7856
j.lucas@ssi.samsung.com
or
Grandis
Alexander Driskill-Smith, 408-457-1248
alexander.driskill-smith@grandisinc.com