When some of the biggest companies in the world conduct business, it results in shifting billions of dollars. One such gargantuan deal has gone through and SK Hynix, one the biggest chip makers in the world, has bought Intel’s NAND flash memory and storage business. The South Korean chip manufacturer, SK Hynix, will pay a total sum of €7.59B to Intel, as part of the deal.
SK Hynix to acquire Intel’s Dalian NAND memory manufacturing facility in China
The transaction includes Intel’s NAND SSD business and the NAND component and wafer business. Additionally, the company will now be in control of Intel’s NAND memory manufacturing facility, which is located in Dalian, China. Do note that Intel still owns and retains its Optane business, which is also a form of storage.