South Korean firm SK Hynix to acquire Intel's NAND memory business for $9 billion

clock • 2 min read

The two firms expect the deal to close in 2025

South Korean memory chipmaker SK Hynix announced today that it has entered an agreement to acquire Intel's NAND memory and storage business for about $9 billion. As part of the deal, SK Hynix wi...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Dell confirms data breach affecting 49m people

Hacking

No financial info stolen, but names and addresses were leaked

clock 10 May 2024 • 2 min read
500 AI models optimised for Core Ultra processors, says Intel

Chips and Components

The models can be used across the Core Ultra range of CPUs, GPUs and NPUs

clock 02 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Finance and Reporting

Microsoft and Google see AI investments bearing fruit

clock 26 April 2024 • 4 min read

More on Mergers and Acquisitions

Darktrace agrees $5.3bn takeover by Thoma Bravo

Darktrace agrees $5.3bn takeover by Thoma Bravo

Thoma Bravo to add Cambridge-based company to security software portfolio 20 months after first opening talks

Graeme Burton
clock 29 April 2024 • 2 min read
IBM to acquire HashiCorp for $6.4bn

IBM to acquire HashiCorp for $6.4bn

Pending approval from HashiCorp shareholders and regulators

Wade Tyler Millward
clock 25 April 2024 • 2 min read
Government approves takeover of Newport Wafer Fab

Government approves takeover of Newport Wafer Fab

Previous owner forced to sell stake over links to China

clock 04 March 2024 • 2 min read