Rival SK Hynix to buy Intel’s NAND business for $9 bn

SK Hynix will acquire Intel’s NAND memory chip and storage business in a $9 bn deal which also includes laters manufacturing site in China. Intel will keep its “Optane” business of more advanced memory products. The deal will make SK Hynix the world’s second-largest provider of NAND flash memory chips after Samsung. Intel is moving towards more diverse tech while shedding operations in China amidst trade war between Washington and Beijing.

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