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

REUTERS: Intel 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 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.

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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 ...
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