Solidigm Global Semiconductor Company Names Rancho Cordova Global Headquarters
Greater Sacramento Area offers support and talent for innovation.
Greater Sacramento Economic Council, Feb. 07, 2023 (GLOBE NEWSWIRE) — Solidigm, a U.S.-based leading global provider of innovative NAND flash memory solutions, has named the City of Rancho Cordova in Greater Sacramento the company’s new global headquarters. The Greater Sacramento Economic Council worked with the company to locate their recent R&D facility.
The decision was made due to Greater Sacramento’s access to skilled talent, quality of life, and support for technology businesses. The ranking for the state capital region is 7Th This country has the highest concentration of large metropolitan statistical area (MSAs), for higher education talent, with over 700,000 students enrolled at higher learning institutions within 100 mile.
“The Sacramento region has a competitive talent pool, support for innovation, and offers a lifestyle highly valued by our team members, making Rancho Cordova the optimal headquarters for Solidigm,” said Chief Operating Officer Ellen Doller. “The support we received in selecting the site for our global R&D facility made the decision easy. We look forward to continuing to be a part of this vibrant community through job creation, partnerships, and volunteering.”
Solidigm is a global leader in innovative NAND flash memories 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/SSD business for $9 billion
After an extensive site search in the Greater Sacramento area, the September 2022 census was completed. Solidigm announced its choice of Rancho Cordova for its global research and development (R&D) hub, with more than $100 million investment in the facility. That project is the largest semiconductor industry R&D project Greater Sacramento has seen over the last decade and is now followed by the company’s decision to make the same location its global headquarters.
“Last fall, we were thrilled to announce that Solidigm’s global research and development facility would be headquartered in Rancho Cordova, and we are equally thrilled to welcome Solidigm’s global headquarters to the city,” said Mayor Linda Budge. “Solidigm is a cutting-edge leader in the semiconductor space, and locating their global headquarters here is an economic game-changer for Rancho Cordova and the Sacramento region.”
Solidigm 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. The site was chosen for its ability to combine world-class lab and office space into a single campus, proximity to where Solidigm’s workforce lives, availability of public transportation, and nearby amenities.
“We are thrilled Solidigm decided to make their HQ location in Rancho Cordova,” GSEC President & CEO Barry Broome said. “This validates the state capital market as being one of the top locations in the country for semiconductor talent. We want to congratulate Rancho Cordova’s leadership and its ability to make the process easy with plenty of real estate. Solidigm made the best choice because the City delivers a great experience and treats industry like their customers.”
“We are pleased to see continued investment in Rancho Cordova from Solidigm and are honored they selected the city as their global headquarters,” said Congressman Ami Bera. “The overall investment means a significant amount to our community as Solidigm plans for more high-wage jobs needed for our constituents. This will continue to bring considerable investment and opportunities that will benefit the Greater Sacramento region and its residents.”
“I want to congratulate Solidigm for this crucial investment for the Sacramento region’s economy as we continue to work at the federal level to support the semiconductor industry,” said Congresswoman Doris Matsui. “Two years ago, I introduced the CHIPS Act to address an urgent economic and national security threat – America’s decline in the strategically important semiconductor industry. I will continue working hard as the newest Ranking Member of the Communications and Technology Subcommittee to evaluate federal support that will assist companies such as Solidigm and turn around the semiconductor industry and our economy.”
Solidigm
Solidigm, a world leader in NAND flash storage solutions, is recognized as a major provider. Solidigm technology unlocks data’s unlimited potential for customers, enabling them to fuel human advancement. Our origins reflect Intel’s longstanding innovation in memory products and SK hynix’s international leadership and scale in the semiconductor industry. Solidigm was established as a U.S.-based subsidiary of SK hynix on December 20, 2021. Solidigm, based in Rancho Cordova in California, is powered by more than 2,000 employees at 20 locations around the globe. Visit www.solidigm.com for more information. solidigm.com Follow us on twitter at @Solidigm And on LinkedIn. “Solidigm” is a trademark of SK hynix NAND Product Solutions Corp (d/b/a Solidigm).
About the Greater Sacramento Economic Council
The Greater Sacramento Economic Council The public-private partnership brings together community leaders and business leaders to create a cohesive regional economic development strategy. It focuses on sustainability, growth, equity, and competability. The Capital Region’s GSEC is the engine for new growth strategies. The group is responsible for directing community efforts to keep, attract, scale, expand and scale tradable sector, develop advanced industries, and create jobs, investment, throughout a six-county area. Greater Sacramento is a collaborative effort between local and federal governments, market leaders and influencers with the sole goal of driving inclusive economic development. The Greater Sacramento region was established on the principles of discovery, leadership, and innovation.
Rancho Cordova
On July 1, 2003, Rancho Cordova was incorporated. It is now the 478th California city. While the city has experienced rapid growth, it still retains a small-town atmosphere. Rancho Cordova, with its 65,000+ employees and 3,500 other businesses, is one of the largest regional employment centers. The area’s almost 80,000 residents have access to a beautiful stretch of the American River that runs six miles, along with a vibrant arts scene, 26-miles of bike and pedestrian trails and 70 acres of creeks, tributaries and other activities. Rancho Cordova is a All-America City or Playful City USA. Its neighborhoods and business districts reflect diversity, which makes Rancho Cordova a place where everyone can live, work and learn.
CONTACT: Michelle Willard Greater Sacramento Economic Council 916-287-9072 [email protected]
