solid state drive business, NAND memory chip product and wafer business, as well as its production facility in Dalian, China for about $9 billion in an all-cash deal.
SK Hynix, the world’s second-largest memory chip maker, said $7 billion is likely to be paid by the first closing date expected in late 2021, while another $2 billion by the second closing date expected in March 2025.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea's SK Hynix to buy Intel's NAND business for $9 billionIntel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.
Source: Reuters - 🏆 2. / 97 Read more »
South Korea's SK Hynix to buy Intel's NAND business for $9 billionIntel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.
Source: Reuters - 🏆 2. / 97 Read more »