SEOUL, Mar. 25 (Korea Bizwire) — SK hynix Inc. said Monday it has demonstrated its new solution for enterprise solid state drive (SSD), for global data centers, in a global tech summit held in the United States.
The world’s second-largest memory chip maker showcased its zoned namespaces (ZNS) software for enterprise SSD in the Open Compute Project (OCP) global summit held in San Jose, California, from March 14-15.
The new software increases data processing speed by 30 percent and lasts four times longer than the existing SSD solution by storing data in different spaces, according to their purposes and frequencies of use, SK hynix said.
SK hynix said it will complete development of ZNS SSD within this year, with a goal of releasing commercial products for global data centers in the first half of 2020.
Major chipmakers showcase their new open hardware in the OCP Global Summit, which brings together engineers, developers and key decision makers in the tech industry.
According to market researcher IHS Markit, the global SSD market is expected to grow from $32.4 billion in 2018 to $51.8 billion in 2022. The enterprise SSD market is anticipated to grow at a compound annual growth rate of 15.7 percent over the period, a faster expansion than the consumer SSD market, it noted.