SK hynix will pay US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND part and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to reinforce the competitiveness of its NAND flash solutions as one of many leading global semiconductor companies and grow the memory ecosystem to the benefit of consumers, companions, employees and shareholders. Intel will retain its Intel® Optane™ business and intends to take a position transaction proceeds in lengthy-term growth priorities. SK hynix can pay US $9 billion for the Intel NAND memory and storage enterprise, which includes the NAND SSD enterprise, MemoryWave Community the NAND part and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to boost the competitiveness of its NAND flash options as one of the main international semiconductor firms and develop the memory ecosystem to the profit of consumers, partners, workers and shareholders. Intel will retain its Intel® Optane™ business and intends to invest transaction proceeds in lengthy-term development priorities.

SK hynix and Intel at present introduced that they've signed an agreement on Oct. 20, KST, underneath which SK hynix would purchase Intel’s NAND memory and storage enterprise for US $9 billion. The transaction includes the NAND SSD business, the NAND element and wafer business, and the Dalian NAND MemoryWave Community Memory Wave manufacturing facility in China. Intel will retain its distinct Intel® OptaneTM enterprise. SK hynix and Intel will endeavor to obtain required governmental approvals expected in late 2021. Following receipt of these approvals, SK hynix will acquire from Intel the NAND SSD business (together with NAND SSD-related IP and employees), as properly as the Dalian facility, with the primary cost of US $7 billion. SK hynix will acquire from Intel the remaining assets, together with IP related to the manufacture and design of NAND flash wafers, R&D workers, and the Dalian fab workforce, upon a final closing, anticipated to occur in March 2025 with the remaining fee of US $2 billion. Per the agreement, Intel will continue to manufacture NAND wafers at the Dalian Memory Manufacturing Facility and retain all IP related to the manufacture and design of NAND flash wafers until the final closing.

With this acquisition, SK hynix aims to enhance the competitiveness of its storage solutions, including enterprise SSDs, in the rapidly rising NAND flash space, and further goals to leap ahead as one of many leading international semiconductor corporations within the business. SK hynix expects that the transaction would allow SK hynix to grow the memory ecosystem to the profit of customers, companions, workers and shareholders. As the worldwide chief within the semiconductor industry, Intel possesses industry-leading NAND SSD technology and quadruple stage cell (QLC) NAND flash products. For the primary six months ended June 27, 2020, the NAND businesses represented approximately US $2.8 billion of the income for Intels Non-volatile Memory Solutions Group (NSG) and contributed roughly US $600 million to NSG working income. SK hynix developed the world’s first Charge Entice Flash (CTF)-based, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will combine Intels options expertise and manufacturing capability so as to ascertain the next worth-added 3D NAND solutions portfolio together with enterprise SSDs.

Intel intends to speculate transaction proceeds to deliver management products and advance its lengthy-term growth priorities, together with artificial intelligence, 5G networking and the intelligent, autonomous edge. Intel and SK hynix will work together to make sure a seamless transition for patrons, suppliers and employees. The two corporations will work collaboratively as they did recently with DDR5, to better serve the rising demand from the memory-primarily based semiconductor ecosystem. "I am happy to see SK hynix and Intel`s NAND division, which have led the NAND flash know-how innovation, work to build the brand new future together," stated Seok-hee Lee, Chief Government Officer (CEO) of SK hynix. Bob Swan, Intel CEO stated, "I am happy with the NAND memory business we've built and believe this combination with SK hynix will grow the memory ecosystem for the benefit of customers, partners and workers. Citi served as monetary advisor and Skadden, Arps, Slate, Meagher & Flom LLP, Ok&C and Fangda Partners served as legal counsel to SK hynix.

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Pub: 13 Aug 2025 00:47 UTC

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