• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Manufacturing

Intel Sells SSD Business And Dalian Fab To SK Hynix, Here’s What Will Happen Next

by Khushi Sethi
December 31, 2021 - Updated On January 1, 2022
in Manufacturing, Tech
Reading Time: 2 mins read
0
Intel Sells SSD Business And Dalian Fab To SK Hynix, Here’s What Will Happen Next
TwitterWhatsappLinkedin

An arrangement that has been north of a year taking shape among Intel and SK Hynix has been culminated, essentially for the underlying piece. That being the main bringing of the deal to a close of Intel’s NAND streak memory and strong state drive (SSD) business to SK Hynix for $7 billion, the organizations declared. The arrangement was first reported in October 2020.

You might also like

Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

Kazam Raises $6.2M Series B to Power India’s EV Charging Future

InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

Intel Sells SSD Business And Dalian Fab To SK Hynix, Here's What Will Happen Next | HotHardware
Source: Hothardware

As a feature of the exchange, SK Hynix gains specific NAND SSD-related protected innovation (IP) from Intel and a portion of its representatives, however, neither one of the sides said precisely the number of laborers are being moved. What’s more, SK Hynix claims Intel’s Dalian NAND memory producing office n China as a feature of the arrangement.

 

This is a kind of staggered exchange, however, with different pieces of the arrangement to be finished at later dates. Intel says the last shutting is relied upon to happen no sooner than March 2025, when SK Hynix will fork out around one more $2 billion for the remainder of Intel’s NAND business resources, carrying the absolute worth to $9 billion.

However, this is a progressive exchange, with different parts of the arrangement being completed at different times. Intel expects the final shutdown to take place no later than March 2025, when SK Hynix will pay another $2 billion for the remaining of Intel’s NAND business assets, bringing the total value to $9 billion.

That last piece of the exchange will incorporate specific IPs connected with Intel’s NAND streak wafer plan and assembling. just as R&D representatives and the total Dalian fab labor force. Until the arrangement is finished, notwithstanding, Intel will keep on making NAND wafers at SK Hynix’s Dalian memory fabricating office, and retail undefined IP connection with the plan and production of NAND wafers.

SK Hynix is additionally making another Solidigm auxiliary to carry on the SSD business it recently gained.

“Solidigm is ready to be the world’s next huge semiconductor organization, which presents a remarkable chance to rehash the information memory and capacity industry,” said Rob Crooke, previously senior VP of Intel who will be named CEO of Solidigm. “We are undaunted in our obligation to lead the information business in a manner that can genuinely fuel human headway.”

When the last installment is made in a couple of years, Intel will quit creating NAND streak memory, and will probably twist things down meanwhile. At the point when the arrangement was declared in 2020, then, at that point CEO Bob Swan said the exchange will permit the organization to “further focus on interests in separated innovation” where Intel can have a greater effect.

Tags: Dalian FabIntelSK HynixSSDBusiness
Tweet54SendShare15
Previous Post

How to breed llamas in Minecraft

Next Post

End of the line finally coming for BlackBerry devices

Khushi Sethi

Recommended For You

Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

by Samir Gautam
June 24, 2025
0
Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

More than three years after Toyota unveiled the GR GT3 concept, the long-anticipated street-legal version expected to carry a Lexus badge has finally been spotted testing again, this...

Read more

Kazam Raises $6.2M Series B to Power India’s EV Charging Future

by Ishaan Negi
June 24, 2025
0
Kazam Raises $6.2M Series B to Power India’s EV Charging Future

In a resounding vote of confidence for India’s green mobility ambitions, Kazam, one of the country’s fastest-growing EV energy-tech startups, has raised $6.2 million in Series B funding....

Read more

InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

by Ishaan Negi
June 24, 2025
0
InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

In a bold move that signals rising investor confidence in India's next-generation financial services, Nikhil Kamath and Nithin Kamath—the visionary co-founders of Zerodha and True Beacon—have acquired a...

Read more
Next Post
BlackBerry Sues US Tech Company Avaya for Patent Infringement

End of the line finally coming for BlackBerry devices

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?