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Guru3D.com » News » SK Hynix Receives Clearance for Intel NAND and SSD Business Acquisition from EU

SK Hynix Receives Clearance for Intel NAND and SSD Business Acquisition from EU

by Hilbert Hagedoorn on: 05/24/2021 08:35 AM | source: | 4 comment(s)
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.







« NVIDIA Ends Driver Support for Kepler GPUs (GTX 700/600 Series) with R470 drivers · SK Hynix Receives Clearance for Intel NAND and SSD Business Acquisition from EU · Gigabyte announces AORUS Radeon RX 6900 XT Waterforce WB 16G graphics card »

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schmidtbag
Senior Member



Posts: 7163
Joined: 2012-11-10

#5914854 Posted on: 05/24/2021 02:53 PM
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.

Kaarme
Senior Member



Posts: 3303
Joined: 2013-03-10

#5914964 Posted on: 05/24/2021 09:04 PM
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
Senior Member



Posts: 2869
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:
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
Senior Member



Posts: 1433
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... ;)

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