Report: Intel Selling NAND Flash Memory Business to SK hynix in Deal Worth $10 Billion

[Tsing]

Image: Intel



It appears that Intel is abandoning its traditional SSD business. Sources with the Wall Street Journal claim that the company is nearing a deal to sell its NAND flash memory business to South Korea’s SK hynix in a massive deal valued at $10 billion.



“The companies are discussing a deal that could be announced as soon as Monday, according to people familiar with the matter, assuming the talks don’t fall apart at the last minute,” the Wall Street Journal wrote.



While the Wall Street Journal’s coverage didn’t include specifics as to what SK hynix would be buying, a follow-up report from Reuters suggests that Intel would be getting rid of its SSD business in the United States, as well as its flash-memory factory located in Dalian, China.



Note that this deal...

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[Grimlakin]

So intel is trying to focus more on markets they are known for. Makes sense.

 

[Burticus]

That's billion with a capital B, baby!

 

[Uvilla]

Not surprised. Surely margins been down, so time to jump ship I suppose.