The strong state storage market has actually remained in a well-documented slide for the much better part of the in 2015 now. With storage item need from both the customer and datacenter companies down well off of its highs in an infamously cyclical organization, we have actually currently seen the huge 3 memory producers– SK hynix, Samsung, and Micron– considerably cut down on NAND production. And now the effects of this slump are beginning to infect the SSD makers themselves, with Solidigm validating that they have actually laid off staff members due to the market slump.
Reacting to a details demand from AnandTech, Solidigm, Intel’s previous SSD organization system that is now managed by SK hynix, verified that the business has actually just recently participated in layoffs. Calling it a ‘modest’ decrease in headcount, the business revealed that it ‘performed a modest labor force decrease’ on Wednesday, however decreased to offer more information.
” Due to the extended slump in the semiconductor market and its influence on market conditions, Solidigm has actually performed a labor force decrease,” a declaration by Solidigm checks out. “The business is providing assistance and severance to coworkers who are leaving. We are profoundly grateful to our employee who have actually made significant contributions while at Solidigm. They will be considerably missed out on.”
Solidigm is not divulging their brand-new headcount, though since September, 2022, the business had more than 2,000 staff members in 20 places all over the world. Previously this year the business shut down its branch in South Korea and employed companies to manage its sales in the nation. It appears like the existing statement likewise connects to numerous organization, management, marketing, and sales functions.
Solidigm acquired its workers from Intel’s NAND organization system, which the business consented to offer to SK hynix in October, 2020 Solidigm closed the very first phase of the offer in late 2021 and acquired control over Intel’s NAND and SSD companies and NAND memory fab in Dalian, China. Under the regards to the contract with SK hynix, Intel moved a few of its NAND organization system staff members to Solidigm to run as a SSD organization.
At this moment there has actually not been a public statement of the layoffs by Solidigm/SK hynix, so it stays uncertain what the complete effect to business will be. SK hynix has actually simply launched its Q3′ 2023 incomes report, where the business reported bottom lines of 2.185 trillion won (~ 1.6 B USD), and will be holding its quarterly teleconference this night (the early morning of the 26th in Korea), at which point we might discover more about the business’s prepare for their having a hard time subsidiary. Earlier reports to AnandTech had actually suggested more considerable layoffs had actually occurred, though ‘modest’ leaves some space for analysis.