Tech & Science 9 billion dollar deal: Intel sells its flash division to SK Hynix

00:25  21 october  2020
00:25  21 october  2020 Source:   t3n.de

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Intel has agreed to a $ 9 billion deal to sell most of its memory business to South Korea's SK Hynix as it moves toward more diverse technologies while The transaction, if completed, could reportedly make SK Hynix the world's second-largest provider of NAND flash memory chips behind Samsung

Intel is selling part of its memory chip business to SK Hynix for $ 9 billion in a deal that would make the South Korean company the world's second biggest NAND memory chipmaker.

SK Hynix, the South Korean semiconductor manufacturer, is buying Intel's flash division for a sum of nine billion US dollars. The deal has a term of around five years to complete.

Intel will keine Flash-Speicher mehr herstellen - mit Ausnahmen. © Poravute Siriphiroon / Shutterstock Intel does not want to produce flash memory anymore - with exceptions.

SH Hynix expands its market position. The semiconductor manufacturer is already in second place behind Samsung in the international ranking. Now SK Hynix is ​​getting rid of a competitor - albeit only moderately successful - in the area of ​​NAND and SSD production.

Intel sells factory, but is still allowed to use it

SK Hynix takes over Intel's NAND and SSD business for nine billion dollars. The manufacturer confirmed this after a corresponding report in the Wall Street Journal (WSJ).

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Intel is selling its NAND memory chip unit to SK Hynix for B in a deal that would propel the (Reuters) — Intel has agreed to sell its NAND memory chip business to SK Hynix for $ 9 billion in The Intel division which includes its NAND and Optane businesses posted a fourth consecutive

66,000 crores) deal to buy Intel 's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics. In a regulatory filing, SK Hynix said it will acquire Intel 's "entire NAND business division excluding the Optane division " for KRW 10.3 trillion (roughly Rs.

Intel, however, is not withdrawing completely from the business. The 3D Xpoint technology developed together with Micron, along with the Optane memory based on it, will remain with Intel. The US manufacturer is handing over all of the NAND production along with the Chinese factory in Dalian to SK Hynix.

The deal will be handled in several stages. Intel has secured the right to be able to manufacture wafers for SSDs with its own employees in the sold plant until 2025. A partial amount of two billion dollars will therefore not be due until later.

Intel's slow withdrawal from the flash business

The sale to SK Hynix is ​​only the logical continuation of Intel's departure from the NAND business. The manufacturer had already terminated its long-term partnership with Micron last year. Micron took over Intel's shares in the joint venture IM Flash Technologies at the time for an amount between 1.3 and 1.5 billion dollars.

Just a few months ago, Intel announced again that it would examine all options for its Flash division. At that time, Intel CFO George S. Davis had spoken of a possible "partnership". Experts see the reason for Intel's relative failure in the flash memory business to be that the manufacturer never succeeded in selling the high volumes that would have made the investment-intensive flash business profitable in the first place.

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