SK hynix will build a US fab for Solidigm, but scraps IPO plans
Solidigm and SK hynix hold 21% of the booming enterprise SSD market
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.
Massive 61 TB NVMe SSD for data centers arrives later this year
30 TB model available now, with 61 TB capacity coming later this year