Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Intel Completes First Closing In Sale Of Its NAND & SSD Business To Seoul Based SK Hynix

By John F. Heerdink, Jr.

As per reports, Intel Corporation (INTC) has completed the first closing sale of its NAND and SSD business, selling its SSD business, including the transfer of certain NAND SSD-associated intellectual properties and employees, and the Dalian NAND memory manufacturing facility in China to SK Hynix, a Seoul-based company. SK Hynix will pay Intel US $7 billion in consideration.

Until the final closing, Intel will continue to manufacture NAND wafers at SK Hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers. The final closing is expected to occur in or after March 2025, when SK Hynix will acquire from Intel the remaining NAND business assets.

The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK Hynix. Solidigm will name Robert B. Crooke as CEO. The company will be headquartered in San Jose, California.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Intel Sells SSD Business and Dalian Facility to SK hynix in Business Wire)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us