1/25/2017 12:27 PM EST
TOKYO — In a span of just 11 months, a China-based memory chip company founded by the former CEO of Elpida Memory Inc. morphed from a dream to an apparent reality to a phantom.
Yukio Sakamoto, the former Elpida CEO, hatched Sino King Technology with plans to gather hundreds of senior chip engineers from Japan, Taiwan and Korea. The startup began its life as part of a $7 billion project conducted by the city of Hefei, capital of Anhui province in eastern China. The project included a wafer fab to produce cutting-edge semiconductors in its city.
Sino King started with 10 Japanese and Taiwanese engineers, with plans to hire experts in design and production technology, aiming to employ around 1,000 engineers.
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