SK Hynix Receives Clearance for Intel NAND and SSD Business Acquisition from EU
Approval further moves $9 billion deal toward planned final close. SK hynix has received unconditional clearance from the European Commission for its proposed acquisition of Intel’s NAND and SSD business.
This follows approval from the U.S. Federal Trade Commission last year, and approval from the Committee on Foreign Investment in the United States (CFIUS) this March. By the European Commission’s Phase 1 decision, EU approves SK hynix’s acquisition of Intel NAND and SSD business, without any conditions or further investigation.
The proposed acquisition will help SK hynix expand its global footprint, adding complementary memory technology. SK hynix expects to enhance its expertise through the acquisition, to deliver more breakthroughs and higher value products for customers. SK hynix and Intel will do the best efforts for the remaining approvals to be obtained during 2021.
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Senior Member
Posts: 3303
Joined: 2013-03-10
Perhaps Intel has made a breakthrough in 3D XPoint. However, they are keeping it hidden for the time being and instead first concentrate on selling off the NAND business for a decent price. Then they announce the new 2nd gen 3D XPoint tech that can compete in price with NAND but is otherwise far superior, making NAND next to obsolete.
Senior Member
Posts: 2869
Joined: 2016-08-01
Nand and ssd business seems to be one of the most rapid growth in demand with no slowing down for years to come , i wonder why intel wanted to get out of it .
Edit:
Well we posted at the same time :p
I see if this is what's happening then they are pocketing some billions before they drop the bomb for good :p
Senior Member
Posts: 1433
Joined: 2014-07-22
The most obvious reason companies sell profit-generating IP is that they feel the need for money...

Senior Member
Posts: 7163
Joined: 2012-11-10
I don't get why Intel is selling it off. Intel's drives are some of the best things they make. But, perhaps SK Hynix can improve upon what Intel has done.