SK Hynix to buy part of Intel's business for about $9 billion

📆 20/10/2020 09:35:00
📰 Reuters

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SK Hynix said on Tuesday it will buy Intel's solid state drive (SSD) 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.

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.

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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.
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