SK Hynix today has announced that it is acquiring Intel’s NAND memory and storage business. A well-known name within the DRAM industry, the Korean semiconductor giant is also a very established NAND flash memory and CMOS sensor manufacturer.
According to the announcement, SK Hynix will be paying USD 9 billion (~RM 37.29 billion) to Intel as part of the deal. In exchange, the company will receive Intel’s NAND solid state drive business as well as its NAND component and wafer business.
Additionally, Intel’s NAND memory manufacturing facility in Dalian, China will be part of the acquisition as well. While the announcement may have taken place today, this deal is expected to be fully completed only in March 2025 and until then, Intel will continue its work within the Dalian facility and related IPs.
Interesting enough, Intel’s Optane business is not part of this acquisition though. So, in general, consumers can expect to see Optane products being made available in the market for the time being.
The post SK Hynix To Acquire Intel’s Memory and Solid State Drive Business For USD 9 Billion appeared first on Lowyat.NET.
from Lowyat.NET https://ift.tt/37nMa4I
via IFTTT
No comments:
Post a Comment