3/28/2024 0 Comments Nand x for saleThe final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees and the Dalian fab workforce, for US$2 billion. Intel said it 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 until the final closing of the transaction. The deal was announced on October 19, 2020. In exchange, SK hynix will pay Intel US$7 billion in consideration. Intel sold its SSD business, including the transfer of certain NAND SSD-associated intellectual properties and employees. (INTC) said that it has completed the first closing of the sale of its NAND and SSD business and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix.
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