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Company type | Public |
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OTCQB: NLST[1] | |
Industry | Tech Hardware & Semiconductors[2] |
Founded | 2000 |
Founder | Hong Chun-ki |
Headquarters | Irvine, California, U.S. |
Area served | Worldwide |
Key people | Hong Chun-ki (CEO and director)[3] Gail Sasaki (CFO and EVP)[3] |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | ![]() |
Website | netlist |
Netlist, Inc. is a Delaware-registered corporation headquartered in Irvine, California that designs and sells high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. It also manufactures a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers.[5] Netlist holds a portfolio of patents in the areas of server memory, hybrid memory, storage class memory, rank multiplication and load reduction.[6] Netlist has more than 120 employees and an annual revenue of US$142.4 million as of 2021[4] The stock was added to NASDAQ in late 2006.[7] In the initial public offering of its common stock in 2006, Netlist sold 6,250,000 shares at $7.00 each.[8] On September 26, 2018, Netlist announced they were moving from NASDAQ and currently trades on the OTCQB.[9]
As of 2019, Netlist was reportedly in favorable claim for patents infringed upon by Google[10] and South Korean Company, SK Hynix.[11] The company, founded by former LG Corporation employee Hong Chun-ki[12] (also named Chun Ki Hong[13] and Chun K. Hong) in 2000, entered a product supply and technological joint development agreement with Samsung Electronics in 2015.[14] In 2020, Netlist brought a lawsuit against Samsung in the Federal District Court for allegedly breaching its obligations under that agreement.[15] On February 15, 2022, the United States District Court Judge Mark C. Scarsi issued a Judgement in Netlist's favor on all counts, and expressly confirmed that any license Samsung had previously enjoyed to Netlist's patent was effectively terminated.[16]
As of August 2023, Netlist has secured a $303M jury verdict against Samsung for violation of patents. On August 15, 2023, Netlist put out a direct offering of shares for $30M of funding being managed by Roth Capital.[17] This has caused a 40% crash in the stock price.[citation needed]
Enterprise SSD[21]
Embedded flash[22]
Memory Module DDR4 DIMMs[23]
HyperCloud (industry's first LRDIMM)
NetVault (Non-Volatile DIMM - NVDIMM)
HyperVault/HybriDIMM (NVDIMM-H)
Netlist holds a portfolio of patents in the areas of server memory, hybrid memory, storage class memory, rank multiplication and load reduction. The company has a portfolio of more than 130 issued and pending U.S. and foreign patents[33]