# SK hynix and Cypress form NAND joint venture SkyHigh Memory

SK hynix system ic and Cypress Semiconductor formed a joint venture, SkyHigh Memory Limited, with SK hynix owning 60% and Cypress 40%. The deal closed on April 1, 2019, after CFIUS clearance.

- Type: Acquisition
- Announced: 2019-04-01
- Where: Hong Kong, China, Hong Kong SAR China
- Value: $6.00M
- Status: completed
- Products: NAND memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (acquirer)
- [Cypress Semiconductor](https://endata.com/companies/22566.md) (target)
- [SkyHigh Memory Limited](https://endata.com/companies/38859.md) (partner)

## Sources

- [tradepractitioner.com](https://www.tradepractitioner.com/2019/11/cfius-sk-hynix-cypress-semiconductor-corporation/), 2019-11-10: "On April 1, 2019, [Cypress Semiconductor] closed the transfer of its NAND business to a newly-formed joint venture between the [Cypress Semiconductor] and SK hynix system ic Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.