10-20-2020, 11:40 AM
- Intel has agreed to sell its NAND memory chip business to SK Hynix for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.
- The deal will allow SK Hynix to overtake Japan’s Kioxia in the NAND memory market, and narrow the gap with market leader Samsung Electronics as the shift to work-from-home boosts demand for chips used in tablets and servers.
- SK Hynix said Intel would sell all of its NAND business including its solid-state drive business, NAND product and wafer business, and its factory in Dalian, China. Intel would keep its Optane business, its advanced memory technology.
Intel has agreed to sell its NAND memory chip business to SK Hynix for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.
The deal will allow SK Hynix to overtake Japan’s Kioxia in the NAND memory market, and narrow the gap with market leader Samsung Electronics as the shift to work-from-home boosts demand for chips used in tablets and servers.
SK Hynix said Intel would sell all of its NAND business including its solid-state drive business, NAND product and wafer business, and its factory in Dalian, China. Intel would keep its Optane business, its advanced memory technology.
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