# 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.

- Type: Acquisition
- Announced: 2020-10-20
- Where: United States
- Value: $9.00B
- Status: announced
- Products: NAND memory, NAND SSDs, NAND wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (acquirer)
- [Intel](https://endata.com/companies/21062.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/50863/000119312520272580/d76122dex991.htm), 2020-10-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.