Sk hynix articles

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SK hynix finalizes acquisition of Intel's NAND business, takes full control of Solidigm

Intel's exit from NAND market marks another strategic pivot to growth areas
What just happened? Intel and SK hynix have finalized an $8.85 billion deal that transfers Intel's NAND flash memory business to the South Korean semiconductor giant, marking the completion of a multi-year transaction that began in 2020. The final phase of the acquisition concluded with SK hynix making a $1.9 billion payment to Intel.
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South Korea looks beyond NAND, wants tech companies to increase their focus on processors

The big picture: South Korean tech giants like Samsung and SK Hynix have dominated memory manufacturing for decades. However, the country's president thinks the competition in the processor market, where Taiwan's TSMC looms large, has recently become significantly more critical. A new support package aims to increase Korea's competitiveness across the chip industry.