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Intel gets $1.9B after closing sale of memory business to South Korea's SK hynix

Summary by Seeking Alpha
Intel (INTC) received about $1.9B following the completion of a sale of its NAND memory technology and manufacturing business to SK hynix.

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Intel gets $1.9B after closing sale of memory business to South Korea's SK hynix

Intel (INTC) received about $1.9B following the completion of a sale of its NAND memory technology and manufacturing business to SK hynix.

·United States
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techpowerup.comtechpowerup.com

Intel to Receive $1.9 Billion as SK Hynix Finalizes NAND Deal

Intel and SK Hynix have finalized an $8.85 billion transaction involving Intel's NAND flash memory operations, marking the conclusion of a two-phase deal initiated in 2020. In the first phase of the transaction, SK Hynix acquired Intel's SSD division along with a NAND production facility in Dalian, China, for $6.61 billion. The Dalian facility was later rebranded as Solidigm. Notably, this phase transferred only the physical assets and operation…

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Tom's HardwareTom's Hardware

Intel and SK hynix close NAND business deal: Intel gets $1.9 billion, SK hynix gets IP and employees

SK hynix's Solidigm can now work more closely with the parent company now that SK hynix finally obtains Intel's SSD IP and R&D capabilities after making final $1.9 billion payment.

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Seeking Alpha broke the news in United States on Friday, March 28, 2025.
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