SK hynix to acquire Intel NAND memory business for $9 billion

SK hynix agreed to acquire Intel's NAND memory and storage business, including the Dalian manufacturing facility in China, for $9 billion. The deal will close in two phases, with final closing expected 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.”prnewswire.com

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• prnewswire.comSK hynix to Acquire Intel NAND Memory BusinessSK hynix Inc.Oct 20, 2020

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