# 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.

- Type: Acquisition
- Announced: 2021-12-22
- Where: Dalian, China, United States
- Value: $7.00B
- Status: announced
- Products: NAND flash memory, SSD
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (acquirer)
- [Solidigm](https://endata.com/companies/15470.md) (partner)
- [Intel](https://endata.com/companies/21062.md) (target)

## Sources

- [techpowerup.com](https://www.techpowerup.com/290150/sk-hynix-receives-merger-clearances-for-intel-nand-and-ssd-business-acquisition), 2021-12-23: "SK hynix will continue to prepare to close the transaction including achieving all of the closing conditions."
- [channeldrive.in](https://channeldrive.in/semiconductor/sk-hynix-completes-first-phase-of-intel-nand-ssd-business-acquisition/), 2021-12-30: "SK hynix Inc. has completed the first phase of the transaction to acquire Intel's NAND and solid-state drive (SSD) business."

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