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Tom’s Hardware
Tom’s Hardware
Technology
Luke James

Intel’s old NAND plant in China is now officially registered as SK hynix after US imposes new sanctions that limit fab upgrades in China

SK Hynix Intel Corporation SK China United States
Intel.

Intel is now officially out of the NAND business in China. According to Chinese corporate registry filings first spotted by DigiTimes, Intel Semiconductor Storage Technology (Dalian) Co., Ltd. changed its name to reflect its full ownership by SK hynix as of September 1. The plant’s registered capital sits at $50.1 million, and SK hynix executive Young-Sik Kim is now listed as a legal representative.

This marks the final stage of SK hynix’s $9 billion acquisition of Intel’s NAND and SSD business, which was first announced in 2020 and completed in April of this year. The fab was Intel's first plant in China and was officially launched in 2010.

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