Intel agrees to sell its NAND memory unit to SK Hynix for about $9B; the acquisition includes Intel's solid-state drive, NAND flash, and wafer businesses

- U.S. chipmaker has fallen behind in a chip manufacturing race — Intel Corp. agreed to sell its Nand memory unit …

Bloomberg 2020-10-20

SK hynix Newsroom SK hynix Newsroom on x
SK hynix to Acquire Intel NAND Memory Business
@glennklockwood Glenn K. Lockwood on x
Geez Louise. This makes fiscal sense for Intel, but it's going to further shake up the NAND market. And how much appetite will Intel have to keep XPoint if it's their only solid-state memory business? https://twitter.com/...
@glennklockwood Glenn K. Lockwood on x
That went from rumor to public real fast. Congrats to Hynix and Intel both; I think both will be better off for this. And congrats to the NAND market analysts who will have a field day writing up how this will shake up the NAND commodity market. https://twitter.com/...
@patrickmoorhead Patrick Moorhead on x
And there we have it. #NAND $INTC https://news.skhynix.com/... https://twitter.com/...
@david_schor David Schor on x
SK hynix acquires Intel NAND business for $9 billion. The deal includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND fab in China. Intel retains its Optane business. https://news.skhynix.com/...
@patrickmoorhead Patrick Moorhead on x
NAND has become a bit commoditized and to be profitable, one needs to go big and spend tens of billions of dollars in manufacturing. I think Intel is better off focusing on compute, networking and Optane, which helps its compute. $INTC https://twitter.com/...

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