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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.
Cypress Semiconductor and SK hynix system ic closed their joint venture transaction, forming SkyHigh Memory Limited based in Hong Kong. SkyHigh Memory will manufacture and supply NAND memory solutions for consumer, networking, industrial, and automotive markets.