Intel completes first closing of NAND and SSD business sale to SK hynix

Intel completed the first closing of the sale of its NAND and SSD business to SK hynix for US$7 billion, including the Dalian NAND memory manufacturing facility in China. The deal was announced on October 19, 2020, and final closing is expected in or after March 2025.

“Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix.”stocks.observer-reporter.com

• 2 sources
• stocks.observer-reporter.comIntel Sells SSD Business and Dalian Facility to SK hynixIntel CorporationDec 29, 2021
• semiconductor-digest.comSK hynix Completes the First Phase of Intel NAND and SSD Business Acquisition - Semiconductor DigestShannon DavisJan 3, 2022

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