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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.
SK hynix Seeks to Double its Foundry Capacity - 05/13/2021 08:56 AM
Park Jung-ho, co-CEO and Vice Chairman at SK hynix today stated during an official government event that SK hynix is considering feasible plan to double its foundry capacity. Park said the Company w...
SK Hynix Fires Up Volume Production of 18-Gigabyte LPDDR5 Mobile DRAM Chips - 03/08/2021 09:33 AM
This product will be equipped in premium smartphones to support an optimal environment for games with high resolution image and also high quality videos....
SK hynix Announces the Completion of M16 Plant Construction - 02/01/2021 09:17 AM
SK hynix held a completion ceremony for its new fabrication plant M16 at headquarter located in Icheon, Gyeonggi-do, South Korea. Under the theme of “We Do Technology: Opening the Happiness”, the ...
SK hynix Unveils the Industry Most Multilayered 176-Layer 4D NAND Flash - 12/07/2020 09:42 AM
SK hynix announced the completion of developing the industry’s most multilayered 176-layer 512 Gigabit (Gb) Triple-Level Cell (TLC) 4D NAND flash. The Company provided the samples to controller comp...
SK hynix Will Acquire Intel NAND Flash Memory Business for $9 Billion - 10/20/2020 08:53 AM
SK hynix and Intel announced an agreement on under which SK hynix would acquire Intel's NAND memory and storage business for US $9 billion. The transaction includes the NAND SSD business, the NAND co...
Kaarme
Senior Member
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Joined: 2013-03-10
Senior Member
Posts: 2625
Joined: 2013-03-10
#5914964 Posted on: 05/24/2021 09:04 PM
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.
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.
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.
Venix
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Joined: 2016-08-01
Senior Member
Posts: 1916
Joined: 2016-08-01
#5914965 Posted on: 05/24/2021 09:05 PM
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
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:
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.
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
waltc3
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Posts: 1337
Joined: 2014-07-22
Senior Member
Posts: 1337
Joined: 2014-07-22
#5915002 Posted on: 05/24/2021 11:42 PM
The most obvious reason companies sell profit-generating IP is that they feel the need for money...
The most obvious reason companies sell profit-generating IP is that they feel the need for money...
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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.