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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Intel and SK hynix close NAND business deal: Intel gets $1.9 billion, SK hynix gets IP and employees

Intel Corporation SK Hynix Solidigm Memory
SK Hynix PCB01 Gen 5 SSD.

Intel and SK hynix this week finalized their nearly $8.85 billion transaction of Intel's NAND flash memory operations, completing a two-part process that began in 2020.

On Thursday, Intel received a final payment of $1.9 billion from SK hynix, whereas the latter officially obtained Intel's NAND IP as well as employees, which will enable Solidigm's teams to work more closely with SK hynix on future products, notes DigiTimes.

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