SK hynix receives Chinese clearance for Intel NAND and SSD business acquisition

SK hynix announced it has received merger clearance from China's SAMR for its acquisition of Intel's NAND and SSD business, completing all required clearances in eight jurisdictions. The first closing consideration is USD 7 billion, and SK hynix will acquire Intel's SSD business, associated IP, employees, and the Dalian facility.

“SK hynix will continue to prepare to close the transaction including achieving all of the closing conditions.”techpowerup.com

• 2 sources
• techpowerup.comSK hynix Receives Merger Clearances for Intel NAND and SSD Business Acquisition | TechPowerUpPress Release by UskompufDec 23, 2021
• channeldrive.inSK hynix completes First Phase of Intel NAND, SSD Business Acquisition - Channel DriveChannelDrive BureauDec 30, 2021

Summarized from public sources; check the original articles before acting on it.