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Mergers: Intel to sell all NAND production to Hynix, expect new price hike
  • Vitaliy_KiselevVitaliy_Kiselev

    Intel Corp is preparing to sell its NAND memory chip business to South Korean chipmaker SK Hynix Inc for around $10 billion in an all-cash transaction, a source familiar with the matter said on Monday.

    Intel would sell its solid-state drive business in the United States and its factory in Dalian, China, which produces advanced flash memory, referred to as 3D NAND, the source told Reuters. The company would keep XPoint, its advanced memory technology unit.

    The Wall Street Journal reported earlier in the day that the deal could be announced as soon as Monday. Intel’s shares were up nearly 3% after the report.

    It is extremely dangerous move, as cartel will be now very tight.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Intel and SK Hynix have signed an agreement under which the latter would acquire the former's NAND memory and storage business for US$9 billion, according to the companies.

    The transaction includes Intel's NAND SSD, component and wafer business, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel Optane business.

    Intel and SK Hynix will endeavor to obtain required governmental approvals expected in late 2021. Following receipt of these approvals, SK Hynix will acquire from Intel the NAND SSD business (including NAND SSD-associated IP and employees), as well as the Dalian facility, with the first payment of US$7 billion. SK Hynix will acquire from Intel the remaining assets, including IP related to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce, upon a final closing, expected to occur in March 2025 with the remaining payment of US$2 billion.

    Intel will continue to manufacture NAND wafers at the Dalian memory manufacturing facility and retain all IP related to the manufacture and design of NAND flash wafers until the final closing.

    Main cited reason of selling is that Intel leading engineers believe that industry went into death trap with QLC and new PLC memory, that is horribly unreliable and slow.

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