Intel has announced that it is selling its NAND SSD business and manufacturing facility to South Korea-based SK Hynix for $9 billion. The acquisition is supposed to be complete by 2025.
It appears to be the season of acquisitions. In the past month or so, we have seen Nvidia acquire ARM for $40 billion, Verzion buying Tracfone for $6 billion, and Microsoft purchasing ZeniMax Media for $7.5 billion. Another item to add to this list today is Intel which has decided to sell its NAND memory and storage business to South Korea-based SK Hynix for a sum of $9 billion. For those unaware, SK Hynix is a semiconductor supplier offering DRAM and flash memory chips as well as enterprise SSDs.
