Hydis Closes Down its Operations

Hydis Technologies has decided to close down its operations in Korea because of its serious financial difficulties. Earlier this month the company’s largest shareholder, Taiwan’s E Ink, called for a halt to factory operations at Hydis and told Korean government agencies that it will close factories and discontinue production. E Ink has come in for criticism locally, as it has been accused of buying the company for its technology, but not investing.

According to reports, Hydis will maintain rights to its FFS technology business.