Tuesday, October 20, 2020

Intel Enters Deal to Sell NAND Memory Unit to SK Hynix

You read that right...that is $9 billion...with a B. 

Intel Corp. has reached a deal to sell its flash-memory manufacturing business to South Korea’s SK Hynix Inc. for about $9 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged.