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SK Hynix completes first phase of $9 bln Intel NAND business buy

SK Hynix completes first phase of $9 bln Intel NAND business buy

reuters.com · 12/29/2021 18:05
SK Hynix completes first phase of $9 bln Intel NAND business buy

- South Korea's SK Hynix Inc 000660.KS said on Thursday it completed the first phase of its acquisition of Intel Corp's INTC.O NAND flash memory chip business, after it received regulatory approvals from eight countries including China. nL1N2T70CJ

In exchange, SK Hynix will pay $7 billion out of the deal's total $9 billion price tag, it said in a statement.


(Reporting by Joyce Lee
Editing by Chris Reese)

((joyce.lee@tr.com;))