SK hynix to acquire Intel's NAND memory and storage business for $9 billion

SK hynix has signed an agreement to acquire Intel's NAND memory and storage business for US $9 billion, including the NAND SSD business, NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. The deal is expected to close in late 2021 with a final closing in March 2025.

“SK hynix will pay US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China.”sec.gov

• 1 source
• sec.govEX-99.1Oct 20, 2020

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