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SK Hynix To Acquire Intel’s NAND Memory Unit For $9 Billion As It Targets Enterprise SSDs

SK Hynix To Acquire Intel's NAND Memory Unit For $9 Billion As It Targets Enterprise SSDs
Earlier today, reports started emerging that SK Hynix was in final talks to acquire Intel’s NAND storage unit. Late tonight, the news has been confirmed by both parties and a deal has been reached. SK Hynix has agreed to purchase Intel’s NAND memory and storage businesses for a total $9 billion.

This represents a win-win for both companies,