# SK Hynix sets up subsidiary in Dalian to acquire Intel NAND flash business

SK Hynix has established a wholly owned subsidiary, ASCA Hynix Semiconductor, in Dalian, China, to facilitate the acquisition of Intel's NAND flash memory business, including the Dalian factory.

- Type: Acquisition
- Announced: 2021-05-27
- Where: Dalian, China
- Status: announced
- Products: NAND flash memory
- 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

- [equalocean.com](https://equalocean.com/briefing/20210527230049390), 2021-05-27: "Sk Hynix has set up a subsidiary ASCA Hynix Semiconductor in Dalian, China, to help complete the acquisition of Intel's NAND division"

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