News Formal

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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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 ...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »