Intel has agreed to a $9 billion deal to sell
most of its memory business to South Korea’s
SK Hynix as it moves toward more diverse
technologies while shedding a major Chinese
factory at a time of deepening trade friction
between Washington and Beijing.
Intel said it will keep its “Optane” business of more
advanced memory products, which analysts say
are mostly produced in the United States.
According to the plan confirmed by the
companies, SK Hynix will acquire Intel’s NAND
memory chip and storage business, including a
related manufacturing site in the northeastern
Chinese city of Dalian. SK Hynix said the
companies expect to get required governmental
approvals for the deal by late 2021.