Intel (INTC) Finalizes $9 Billion NAND Memory Business Sale to SK hynix

Mar 28, 2025

Intel (INTC, Financial) has successfully completed the sale of its NAND memory technology and manufacturing business to SK hynix, generating approximately $1.9 billion from the transaction's final phase. This follows an earlier agreement where SK hynix acquired Intel's NAND fabrication facility in China and related assets. The entire deal, valued at around $9 billion, has now concluded. As part of this, the agreement allowing Intel to produce NAND wafers at SK hynix's facility has been terminated. The development positions SK hynix as a leading supplier of High Bandwidth Memory chips, with Samsung and Micron Technology trailing.

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