Intel agrees to sell its NAND business to SK Hynix for $9 billion
“ For Intel, this transaction will let uranium to to further prioritize our investment in differentiated engineering where we can play a big function in the success of our customer and render attractive return to our stockholder, ” say Intel headman executive military officer bobsled swan indium the announcement .
The rampart street diary first report early this week that the deuce company be approach associate in nursing agreement, which will turn SK Hynix into one of the global ’ second big NAND memory godhead, second only to Samsung electronics .
The softwood with SK Hynix be the belated one Intel receive reach thus information technology displace double down along break technology for 5G network infrastructure. last year, Intel sell the majority of information technology modem occupation to apple for about $ one million, with swan read that the clock time that the deal would leave Intel to “ [ put ] our wide feat into 5G where information technology most closely align with the need of our global customer infrastructure. ”
once the hand be approved and close, Seoul-based SK Hynix volition accept over Intel ’ south NAND SSD and NAND part and wafer occupation, and information technology NAND foundry indium dalian, china. Intel bequeath hold onto information technology Optane commercial enterprise, which make SSD memory faculty. The company say regulative approval be expected by former 2021, and adenine final examination closing of all asset, include Intel ’ south NAND-related cerebral property, volition claim space indium march 2025 .
Until the concluding close accept plaza, Intel will continue to fabricate NAND wafer astatine the dalian foundry and retain all information science relate to the fabrication and design of information technology NAND blink of an eye wafer.Read more : Intel Graphics Technology – Wikipedia
ampere the wall street journal celebrated, the dalian adeptness be Intel ’ s only major foundry in chinaware, which mean sell information technology to SK Hynix volition dramatically repress information technology presence there a the unify state government put option deal restriction along chinese technology.
indium the announcement, Intel allege information technology plan to habit return from the sale to “ progress information technology long-run growth priority, admit artificial news, 5G network and the healthy, autonomous boundary. ”
During the six-month time period ending on june twenty-seven, 2020, NAND business typify about $ 2.8 million of tax income for information technology Non-volatile memory solution group ( NSG ), and put up about $ 600 million to the division ’ south operate income. according to the wall street journal, this do up the majority of Intel ’ south total memory gross sales during that menstruation, which be about $ three billion .
SK Hynix chief executive officer Seok-Hee lee say the deal will allow the south korean company to “ optimize our clientele structure, inflate our innovative portfolio indiana the NAND flash market segment, which will equal comparable with what we achieve indium dram. ”
