SK Hynix Completes Strategic Acquisition of Intel’s NAND Unit, Enhancing Global Competitiveness
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1 Articles
SK Hynix Completes Strategic Acquisition of Intel’s NAND Unit, Enhancing Global Competitiveness
Intel’s Dalian plant in China (Fab). (Photo courtesy of Intel) SK Hynix has finalized the acquisition of Intel’s NAND business unit, marking the completion of a deal initially signed in 2020 for $8.844 billion. This acquisition, executed in two phases, has culminated in SK Hynix taking full operational control of Intel’s assets, including the Dalian plant in China, which is pivotal for producing Quadruple Level Cell (QLC) NAND technology. The jo…
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