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Intel to sell NAND business to SKorean rival for $9 billion

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Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea’s SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing

Intel said it will keep its “Optane” business of more advanced memory products, which analysts say are mostly produced in the United States.

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