Tech Titans Shake Hands: Intel Pockets $1.9B in Landmark NAND Memory Deal

Intel has successfully received its final payment from SK hynix, marking the conclusion of a significant asset divestiture deal. The semiconductor giant completed the sale of its NAND memory and storage business to the South Korean memory chip manufacturer in December 2021, and now the financial transaction has been fully settled.
The deal, which was originally valued at approximately $9 billion, represented a strategic move by Intel to streamline its business operations and focus on its core semiconductor manufacturing capabilities. SK hynix acquired Intel's NAND memory manufacturing facilities in Dalian, China, and the Oregon-based memory business, creating a major shift in the global memory chip landscape.
This transaction not only provided Intel with substantial financial resources but also allowed the company to realign its strategic priorities. By divesting its memory business, Intel can concentrate on its primary strengths in processor and chip design, positioning itself more competitively in the rapidly evolving semiconductor industry.
The final payment signifies the successful completion of a complex international business transaction, highlighting the dynamic nature of the global technology and semiconductor markets.