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Intel Corporation - Intel Sells SSD Business and Dalian Facility to SK hynix

31.12.2021 13:44

 Intel Corp. completes its first closing in the sale of its NAND and SSD business to SK hynix.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration. The deal was announced Oct. 19, 2020.

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