Korean semiconductor company SK hynix acquires Intel's NAND memory business for about 950 billion yen
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Intel, a chip maker, announced on October 20, 2020 that it will sell its NAND memory storage business to South Korean semiconductor giant SK hynix for $ 9 billion (about 950 billion yen). Approval for the sale of the business is scheduled for the second half of 2021.
SK hynix to Acquire Intel NAND Memory Business | Intel Newsroom
https://newsroom.intel.com/news-releases/nand-memory-news/
Intel sells off its SSD and memory business to SK Hynix in drawn-out $ 9bn deal | PC Gamer
https://www.pcgamer.com/intel-ssd-business-sk-hynix-sale/
Intel is selling its SSD business for $ 9 billion, but keeping Optane --The Verge
https://www.theverge.com/2020/10/20/21525701/intel-nand-ssd-business-sk-hynix-9-billion-optane-memory
SK hynix is a Korean semiconductor manufacturing company, and its main products are DRAM and NAND flash memory. In particular, SK hynix's DRAM business accounts for 80% to 90% of its revenue, and it has succeeded in commercializing DDR5 DRAM for the first time in the world. The acquisition by SK hynix is expected to further strengthen the NAND memory business.
Finally, the shipment of the world's first DDR5 memory is confirmed, and it is expected to be on the market by 2021 --GIGAZINE
What will be sold, Intel's NAND memory and storage business, and a semiconductor factory in Dalian, China. By selling the NAND business to SK hynix, Intel will almost completely withdraw from the flash memory and storage business. However, Intel's Optane memory technology will continue to be owned by Intel.
by Jacek Halicki
Intel CEO Bob Swan said, 'This acquisition allows Intel to further prioritize its investment in differentiated technologies, playing a greater role in the success of our customers and appealing to shareholders. We can deliver returns. '
Lee Suk-hee, CEO of SK hynix, said, 'SK hynix will leverage each other's strengths and technologies to proactively respond to the various needs of our customers, optimize their business structure, and innovate the NAND flash market to match DRAM. We will continue to expand our portfolio. '
According to Intel, the approval of the transaction will be obtained from the government authorities in the latter half of 2021. Until then, Intel will continue to manufacture NAND products at its Dalian factory and retain all intellectual property rights. 'We plan to invest the proceeds of this transaction in areas with long-term growth potential, such as artificial intelligence and 5G networking,' Intel said, but Intel will invest the 5G modem business in 2019 to Apple for $ 1 billion ( It is sold for about 105 billion yen).
Apple announces acquisition of Intel's smartphone modem chip business-GIGAZINE
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