Intel agrees to $9B sale of NAND biz to SK Hynix | Light Reading

The deal was presented by the two companies as a win-win, although SK Hynix‘s shares dipped by nearly 2% with investors apparently jittery about the hefty $9 billion price tag.

By selling its NAND memory and storage business to South Korea’s SK Hynix, Intel says it will have much deeper pockets to invest in areas considered more strategic. AI and 5G networking, for example, and what it calls the “intelligent, autonomous edge.”

Source: Intel agrees to $9B sale of NAND biz to SK Hynix | Light Reading