Intel Corp. completes its first closing within the sale of its NAND and SSD enterprise to SK hynix.
SANTA CLARA, Calif., December 29, 2021–(BUSINESS WIRE)–Intel Company at the moment introduced it has accomplished the primary closing of the sale of its NAND and SSD enterprise, promoting its SSD enterprise (together with the switch of sure NAND SSD-associated mental properties (IP) and staff) and the Dalian NAND reminiscence manufacturing facility in China to Seoul-based SK hynix. In trade, SK hynix pays Intel US$7 billion in consideration. The deal was introduced Oct. 19, 2020.
Intel will proceed to fabricate NAND wafers