# 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.

- Type: Acquisition
- Announced: 2021-12-29
- Where: Dalian, China, China
- Value: $7.00B
- Status: completed
- 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

- [stocks.observer-reporter.com](http://stocks.observer-reporter.com/observerreporter/article/bizwire-2021-12-29-intel-sells-ssd-business-and-dalian-facility-to-sk-hynix), 2021-12-29: "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."
- [semiconductor-digest.com](https://www.semiconductor-digest.com/sk-hynix-completes-the-first-phase-of-intel-nand-and-ssd-business-acquisition/), 2022-01-03: "SK hynix Inc. today announced that it 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.