South Korea's SK Hynix to buy Intel's NAND business for US$9 billion

CALIFORNIA: Intel has agreed to sell its NAND memory chip business to SK Hynix for US$9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.

The deal would allow Intel to focus on its remaining memory business, Optane, a person familiar with the matter told Reuters.AdvertisementThe Nand Flash industry grew in the April-to-June quarter thanks to robust demand for PCs and servers as the COVID-19 pandemic forced millions of people to work from home, according to market researcher Trendforce.

Samsung is the leader in the NAND flash market with a 31.4 per cent share, followed by Kioxia with 17.2 per cent, SK Hynix with 11.7 per cent, and Intel and Micron with 11.5 per cent each.

Canada Canada Latest News, Canada Canada 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 US$9 billionIntel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for US$9 billion in an all-cash deal that would propel the South ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Intel poised to sell NAND business to South Korea's SK Hynix for almost US$10 billion: sourcesIntel Corp is preparing to sell its NAND memory chip business to SK Hynix Inc for almost US$10 billion in a deal that would propel the South ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »