Intel consents to sell its NAND organization to SK Hynix for $9 billion

by RJ Shara | Oct 20, 2020 | Fundings and Exit

SK Hynix, among the world’s biggest chip makers, announced today it will pay $9 billion for Intel
‘s flash memory business. Intel said it will utilize earnings from the deal to concentrate on artificial intelligence, 5G and edge computing.”For Intel, this transaction will permit us to further prioritize our financial investments in distinguished technology […]
The offer with SK Hynix is the most current one Intel has actually made so it can double down on developing technology for 5G network facilities. When the deal is approved and closes, Seoul-based SK Hynix will take over Intel’s NAND SSD and NAND part and wafer organizations, and its NAND foundry in Dalian, China. Intel will hold onto its Optane company, which makes SSD memory modules. As the Wall Street Journal noted, the Dalian facility is Intel’s only significant foundry in China, which suggests offering it to SK Hynix will significantly minimize its presence there as the United States federal government puts trade restrictions on Chinese technology….