Great news if it is true. Focus focus focus........ Intel needs to focus. Micron already paid $1.5B to buy out Intel's portion of 3D XPoint so NAND was sure to follow. For NAND Samsung is the leader 31%, SK Hynix 11.7%, and Intel Micron are tied at 11.5%.
And more Intel excess cutting to follow, my opinion. Bob Swan.....
"Intel Corp. is nearing a deal to sell a memory-chip unit to South Korea’s SK Hynix Inc. for roughly $10 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged. 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. Specifics of the transaction, including exactly what SK Hynix would be buying, couldn’t be learned."
www.wsj.com
And more Intel excess cutting to follow, my opinion. Bob Swan.....
"Intel Corp. is nearing a deal to sell a memory-chip unit to South Korea’s SK Hynix Inc. for roughly $10 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged. 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. Specifics of the transaction, including exactly what SK Hynix would be buying, couldn’t be learned."
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix
Intel agreed to sell its flash-memory manufacturing business to South Korea’s SK Hynix, removing an area of historical importance that has become increasingly challenged.
www.wsj.com
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