Intel has sold its NAND storage business to SK Hynix in a deal that takes the South Korean firm up to second place in the global market.
Intel has agreed to sell its NAND storage division to South Korean semiconductor supplier SK Hynix in a deal valued at approximately $9 billion. The acquisition will take place gradually between now and 2025 and include Intel’s solid state drive business and a production facility in the Chinese city of Dalian, in additional to the NAND component and wafer divisions. The deal will reinforce Hynix’s standing in the world of chipmaking, taking the South Korean firm up to second place in the global NAND memory market, behind only Samsung.
