Intel sold its SSD NAND division for $9B

[Ink]

Content source

https://www.theverge.com/2020/10/20/21525701/intel-nand-ssd-business-sk-hynix-9-billion-optane-memory

Intel is selling its SSD business to SK Hynix in a deal worth $9 billion, which will see the chipmaker almost completely exit the flash memory and storage business — except for Intel’s high-end Optane memory technology, which it’ll still be hanging onto. The deal includes Intel’s former NAND SSD, component, and wafer businesses, along with the company’s NAND factory in Dalian, China.

SK hynix to Acquire Intel NAND Memory Business - SK hynix Newsroom

SEOUL, Republic of Korea and SANTA CLARA, Calif., Oct. 20, 2020

news.skhynix.com

 

[Vitali Ortzi]

Hopefully the cash would be used to invest in optane or any durable nanad alternative

 

[SpiderWeb]

I hope they use the cash to catch up on the CPU side of things.

 

[show-Zi]

May invest in AMD.
.I'm sure their smiles will be kept even if they are robbed of their share.

 

[Ink]

Hopefully the cash would be used to invest in optane or any durable nanad alternative

First, the CEO needs his bonus pay.