Intel flogs NAND to SK Hynix

Stefan Mileschin · 21st October 2020, 13:34

US-China tensions not helping

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 move marks the latest effort by the US chip giant to divest its non-core businesses, move away from the volatile commodity NAND chip industry and focus on its remaining Optane memory business, which is smaller but more lucrative because it taps more advanced technology.

Chipzilla is apparently a little concerned that the unit has become a liability in the US-China trade war which has heaped uncertainty upon uncertainty.

It is the biggest acquisition to date for SK Hynix and follows its $3.7 billion investment in Japanese rival Kioxia in 2017. The deal will help SK Hynix overtake Kioxia in the NAND memory market while narrowing the gap with market leader Samsung Electronics.

https://fudzilla.com/news/51727-inte...d-to-sky-hynix

21st October 2020, 13:34	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,812	Intel flogs NAND to SK Hynix US-China tensions not helping 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 move marks the latest effort by the US chip giant to divest its non-core businesses, move away from the volatile commodity NAND chip industry and focus on its remaining Optane memory business, which is smaller but more lucrative because it taps more advanced technology. Chipzilla is apparently a little concerned that the unit has become a liability in the US-China trade war which has heaped uncertainty upon uncertainty. It is the biggest acquisition to date for SK Hynix and follows its $3.7 billion investment in Japanese rival Kioxia in 2017. The deal will help SK Hynix overtake Kioxia in the NAND memory market while narrowing the gap with market leader Samsung Electronics. https://fudzilla.com/news/51727-inte...d-to-sky-hynix

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