Ovonyx Company Description
Ovonyx has developed designs for a new type of technology used in non-volatile memory chips. The technology is known as Ovonic Unified Memory (OUM), or phase-change memory (PCM), and it is meant to supplant flash memory devices in consumer electronics. The company has licensing and development agreements with several chip makers, including BAE Systems, Elpida Memory, Hynix Semiconductor, Nanochip, Samsung Electronics, and STMicroelectronics. Energy Conversion Devices (ECD), which originally developed the memory technology, owns about 40% of Ovonyx. CEO Lowrey, Intel, and other investors own the rest of the company. Ovonyx was founded in 1999 by Tyler Lowrey and Ward Parkinson.
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The Company Description provides a historical perspective of Ovonyx's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ovonyx's evolution in the marketplace.
