Home Intel sells Nand memory, storage business to SK hynix for USD 9 billion
 

Keywords :   


Intel sells Nand memory, storage business to SK hynix for USD 9 billion

2020-10-20 09:59:00| Telecompaper Headlines

(Telecompaper) South Korean chipmaker SK hynix has agreed to buy Intel's Nand memory and storage business for USD 9 billion. SK hynix said the move will enhance the competitiveness of its storage services, including enterprise SSDs, in the rapidly growing Nand flash space, and push it to the fore as one of the world's leading semiconductor companies. Intel said it will invest the money received into "leadership products" and to advance its long-term growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge. [ more ]

Tags: business memory storage usd

Category:Telecommunications

Latest from this category

All news

»
22.03Investigation ordered into power outage that closed Heathrow
22.03This Week in Agribusiness, March 22, 2025
22.03This Week in Agribusiness, March 22, 2025
22.03Weekly Recap: PPG, Tariffs and Shipping, Sherwin-Williams Top This Weeks Stories
22.03Rachel Reeves: I will not 'tax and spend'
22.03FFA Chapter Tribute: Windsor Leighty
22.03FFA Chapter Tribute: Windsor Leighty
21.03AkzoNobel Vehicle Refinish North America Announces Strategic Collaboration with Collision Vision
More »