SK Hynix To Amass Intel NAND Memory Enterprise

SK hynix will pay US $9 billion for the Intel NAND memory and storage enterprise, which incorporates the NAND MemoryWave SSD business, the NAND element and MemoryWave wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to reinforce the competitiveness of its NAND flash options as one of the leading global semiconductor companies and grow the memory ecosystem to the benefit of consumers, partners, staff and shareholders. Intel will retain its Intel® Optane™ business and intends to take a position transaction proceeds in long-time period development priorities. SK hynix pays US $9 billion for the Intel NAND memory and storage enterprise, which incorporates the NAND SSD business, the NAND component and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to enhance the competitiveness of its NAND flash options as one of many leading global semiconductor corporations and develop the memory ecosystem to the benefit of customers, partners, employees and shareholders. Intel will retain its Intel® Optane™ enterprise and intends to invest transaction proceeds in long-time period growth priorities.



SK hynix and Intel today announced that they have signed an settlement on Oct. 20, KST, underneath which SK hynix would acquire Intel’s NAND memory and storage enterprise for MemoryWave US $9 billion. The transaction contains the NAND MemoryWave SSD business, the NAND component and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel® OptaneTM enterprise. SK hynix and Intel will endeavor to acquire required governmental approvals anticipated in late 2021. Following receipt of those approvals, SK hynix will acquire from Intel the NAND SSD business (together with NAND SSD-associated IP and workers), as properly as the Dalian facility, with the first cost of US $7 billion. SK hynix will purchase from Intel the remaining assets, together with IP associated to the manufacture and design of NAND flash wafers, R&D workers, and the Dalian fab workforce, upon a last closing, expected to occur in March 2025 with the remaining fee of US $2 billion. Per the agreement, Intel will continue to manufacture NAND wafers on the Dalian Memory Manufacturing Facility and retain all IP related to the manufacture and design of NAND Memory Wave flash wafers till the final closing.



With this acquisition, SK hynix aims to boost the competitiveness of its storage options, including enterprise SSDs, in the rapidly growing NAND flash area, MemoryWave and additional goals to leap forward as one of the leading world semiconductor companies within the trade. SK hynix expects that the transaction would enable SK hynix to grow the memory ecosystem to the benefit of customers, companions, workers and shareholders. As the worldwide leader within the semiconductor industry, Intel possesses business-main NAND SSD expertise and quadruple stage cell (QLC) NAND flash products. For Memory Wave the first six months ended June 27, 2020, the NAND businesses represented roughly US $2.Eight billion of the income for Intel`s Non-unstable Memory Options Group (NSG) and contributed approximately US $600 million to NSG operating income. SK hynix developed the world’s first Cost Entice Flash (CTF)-primarily based, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019.