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.
