SK Hynix completes first phase of US$9 billion Intel NAND business buy

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SEOUL : South Korea's SK Hynix Inc said on Thursday it completed the first phase of its acquisition of Intel Corp's NAND flash memory chip business, after it received regulatory approvals from eight countries including China.In exchange, SK Hynix will pay US$7 billion out of the deal's total US$9 billion

SEOUL : South Korea's SK Hynix Inc said on Thursday it completed the first phase of its acquisition of Intel Corp's NAND flash memory chip business, after it received regulatory approvals from eight countries including China.

In exchange, SK Hynix will pay US$7 billion out of the deal's total US$9 billion price tag, it said in a statement.

 

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