(Image: [[https://burst.shopifycdn.com/photos/waves-roll-up-to-the-sandy-beach-on-a-overcast-day.jpg?width=746&format=pjpg&exif=0&iptc=0|https://burst.shopifycdn.com/photos/waves-roll-up-to-the-sandy-beach-on-a-overcast-day.jpg?width=746&format=pjpg&exif=0&iptc=0)]] SK hynix can pay US $9 billion for the Intel NAND Memory Wave Protocol and storage business, which incorporates the NAND SSD enterprise, the NAND component and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix goals to boost the competitiveness of its NAND flash options as one of the main international semiconductor companies and develop the Memory Wave ecosystem to the profit of consumers, companions, workers and shareholders. Intel will retain its Intel® Optane™ business and intends to speculate transaction proceeds in long-time period growth priorities. SK hynix pays US $9 billion for the Intel NAND memory and storage enterprise, which incorporates the NAND SSD business, the NAND component and wafer enterprise, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to reinforce the competitiveness of its NAND flash solutions as one of the main global semiconductor corporations and develop the memory ecosystem to the benefit of customers, partners, workers and shareholders. Intel will retain its Intel® Optane™ business and intends to invest transaction proceeds in lengthy-time period development priorities.
(Image: https://p3.hippopx.com/preview/377/575/memory-ram-computer-technology-electronics-component-laptop-digital-thumbnail.jpg)SK hynix and Intel in the present day introduced that they have signed an settlement on Oct. 20, KST, beneath which SK hynix would acquire Intel’s NAND memory and storage business for US $9 billion. The transaction consists of the NAND SSD enterprise, the NAND part and wafer business, and the Dalian NAND Memory Wave manufacturing facility in China. Intel will retain its distinct Intel® OptaneTM enterprise. SK hynix and Intel will endeavor to acquire required governmental approvals expected in late 2021. Following receipt of these approvals, SK hynix will acquire from Intel the NAND SSD business (together with NAND SSD-associated IP and staff), as nicely as the Dalian facility, with the primary fee of US $7 billion. SK hynix will acquire from Intel the remaining belongings, including IP associated to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce, upon a ultimate closing, anticipated to happen in March 2025 with the remaining cost of US $2 billion. Per the settlement, Intel will proceed to manufacture NAND wafers at the Dalian Memory Manufacturing Facility and retain all IP associated to the manufacture and design of NAND flash wafers till the final closing.
With this acquisition, SK hynix aims to reinforce the competitiveness of its storage options, including enterprise SSDs, in the quickly growing NAND flash area, and further goals to leap ahead as one of the main global semiconductor companies within the industry. SK hynix expects that the transaction would enable SK hynix to grow the memory ecosystem to the profit of consumers, companions, employees and shareholders. As the worldwide leader in the semiconductor business, Intel possesses trade-leading NAND SSD technology and quadruple stage cell (QLC) NAND flash products. For the first six months ended June 27, 2020, the NAND businesses represented roughly US $2.Eight billion of the revenue for Intel`s Non-unstable Memory Options Group (NSG) and contributed approximately US $600 million to NSG operating earnings. SK hynix developed the world’s first Charge Entice Flash (CTF)-based mostly, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will combine Intel`s options know-how and manufacturing functionality in order to determine a higher worth-added 3D NAND options portfolio including enterprise SSDs.
Intel intends to invest transaction proceeds to ship leadership products and Memory Wave Protocol advance its long-term progress priorities, together with synthetic intelligence, 5G networking and the clever, autonomous edge. Intel and SK hynix will work collectively to ensure a seamless transition for purchasers, suppliers and staff. The two firms will work collaboratively as they did not too long ago with DDR5, to higher serve the growing demand from the memory-based mostly semiconductor ecosystem. “I am pleased to see SK hynix and Intel`s NAND division, which have led the NAND flash expertise innovation, work to build the new future together,” mentioned Seok-hee Lee, Chief Government Officer (CEO) of SK hynix. Bob Swan, Intel CEO stated, “I am proud of the NAND memory enterprise we now have built and believe this combination with SK hynix will develop the memory ecosystem for the benefit of customers, companions and employees. Citi served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP, Okay&C and Fangda Partners served as legal counsel to SK hynix.