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Solidigm Plans Rancho Cordova, California, Global Research-Development Complex

Solidigm, a U.S.-based 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 tenant 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 pleased to bring innovation and jobs to Rancho Cordova and the Greater Sacramento area, known for its highly skilled workforce and spirit of inventiveness,” said Solidigm CEO Rob Crooke. “We look forward to investing in and supporting the area’s economic growth and community through jobs, partnerships, and volunteerism.”

Solidigm is a leading global provider of innovative NAND flash memory solutions. The company launched as a U.S.-based 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 Intel's NAND and SSD business for $9 billion.

“This investment was a significant team effort and showed collaboration within the Greater Sacramento economic development community, proving global market validation in the semiconductor industry,” noted Greater Sacramento Economic Council (GSEC) President and CEO Barry Broome. “I’m proud of the GSEC and Rancho Cordova teams who worked with our community partners to make this project a success for the state capital of California and put us on a global stage for future semiconductor economic development projects.”

The site was chosen for its ample office and lab space, proximity to where Solidigm’s workforce lives, availability of public transportation, nearby amenities and the ability to expand to accommodate a growing workforce, according to company officials.

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