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Sk Hynix's $9 billion acquisition of Intel flash memory has won five approvals, and China is still considering

via:驱动之家     time:2021/6/26 0:27:50     readed:611

Sk Hynix announced last year that it will spend US $9 billion (about US $60 billion) to acquire Intel's flash memory department. After the merger, SK Hynix is expected to become the second largest flash memory giant after Samsung, and the six largest original factories will be reduced to five.

Even so, the acquisition has also been approved by a number of countries and regions. The United States and the European Union approved the transaction in March and may respectively, without any restrictions or further review.

Other places include Taiwan and South Korea. Recently, Brazil also approved the deal. Now, five regions have approved the deal, which is a big step towards victory.

However, there are several key points for approval in the future. They are Chinese mainland, UK and Singapore. Considering that the acquisition does not change the competition pattern of the flash market, it is very possible to get approval.

On October 20, 2020,Sk Hynix announced that it has signed an acquisition agreement with Intel and will pay US $9 billion (about 60.1 billion yuan) to take over Intel's flash memory and storage business.

Once the license is approved, the delivery will be divided into two phases. SK Hynix will pay US $7 billion in the first phase to acquire NAND SSD business (including NAND SSD related intellectual property rights and employees) and Dalian factory from Intel.

The second phase is expected to take place in March 2025. SK Hynix will pay the balance of US $2 billion to acquire other related assets from Intel, including intellectual property rights related to the production and design of NAND flash wafers, R & D personnel and employees of Dalian factory.



Reprint please indicate the source: fast technology

IntelFlash MemorySk Hynix

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