news reports that hynix semiconductor has closed its research and development centers in italy and europe
according to foreign media reports, sk hynix semiconductor inc. announced on march 31, 2023 the closure of its italian and european research and development center in agrate brianza, a suburb of milan, and will lay off a total of 39 local employees from the center, and has begun the firing process.
in 2022, sk hynix italy srl, a south korean semiconductor company, had a revenue of $34 billion and a net profit of $1.7 billion.
it is reported that the end of the italian r&d center and the complete layoffs are mainly due to a technology gap between the italian company and the korean headquarters, but due to restrictions in korean regulations and the company's inability to carry out technology transfers that require significant investment.