SK hynix pays US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND element 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 many main world semiconductor companies and develop the memory ecosystem to the profit of customers, partners, employees and shareholders. Intel will retain its Intel® Optane™ enterprise focus and concentration booster intends to take a position transaction proceeds in long-term growth priorities. SK hynix will pay US $9 billion for the Intel NAND memory and storage enterprise, which incorporates the NAND SSD enterprise, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. SK hynix goals to enhance the competitiveness of its NAND flash options as one of the main world semiconductor firms and develop the memory ecosystem to the benefit of consumers, partners, employees and shareholders. Intel will retain its Intel® Optane™ business and intends to take a position transaction proceeds in lengthy-time period progress priorities.

SK hynix and Intel today introduced that they have 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 contains the NAND SSD enterprise, the NAND component and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel® OptaneTM business. SK hynix and Intel will endeavor to obtain required governmental approvals expected in late 2021. Following receipt of these approvals, SK hynix will purchase from Intel the NAND SSD enterprise (together with NAND focus and concentration booster SSD-related IP and staff), as properly as the Dalian facility, with the primary fee of US $7 billion. SK hynix will purchase from Intel the remaining property, including IP related to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce, upon a closing closing, expected to occur in March 2025 with the remaining payment of US $2 billion. Per the settlement, Intel will proceed to manufacture NAND wafers at the Dalian Memory Manufacturing Facility and retain all IP associated to the manufacture and design of NAND flash wafers till the final closing.

With this acquisition, SK hynix aims to boost the competitiveness of its storage solutions, Memory Wave including enterprise SSDs, in the quickly growing NAND flash area, and further goals to leap forward as one of the leading international semiconductor corporations in the business. SK hynix expects that the transaction would enable SK hynix to develop the memory ecosystem to the profit of consumers, partners, staff and shareholders. As the worldwide chief within the semiconductor trade, Intel possesses business-leading NAND SSD technology and quadruple level cell (QLC) NAND flash products. For the first six months ended June 27, 2020, the NAND companies represented approximately US $2.Eight billion of the income for Intels Non-risky Memory Solutions Group (NSG) and contributed roughly US $600 million to NSG operating income. SK hynix developed the world’s first Charge Trap Flash (CTF)-based mostly, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will mix Intels solutions expertise and manufacturing functionality so as to determine a higher value-added 3D NAND solutions portfolio together with enterprise SSDs.

Intel intends to take a position transaction proceeds to deliver management products and advance its lengthy-time period growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge. Intel and SK hynix will work collectively to ensure a seamless transition for patrons, suppliers and workers. The two corporations will work collaboratively as they did lately with DDR5, to raised serve the rising demand from the memory-primarily based semiconductor ecosystem. "I am pleased to see SK hynix and Intel`s NAND division, which have led the NAND flash technology innovation, work to construct the brand new future together," mentioned Seok-hee Lee, Chief Govt Officer (CEO) of SK hynix. Bob Swan, Intel CEO stated, "I am proud of the NAND memory enterprise we now have constructed and imagine this combination with SK hynix will develop the memory ecosystem for the profit of customers, companions and workers. Citi served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP, Ok&C and Fangda Companions served as authorized counsel to SK hynix.

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Pub: 08 Sep 2025 22:20 UTC

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