⁍ Intel to sell its solid-state drive business in the United States and its factory in Dalian, China.
⁍ The company would keep XPoint, its advanced memory technology unit.
– Intel is planning to sell its memory business to South Korean chipmaker SK Hynix for around $10 billion in an all-cash deal, sources tell Reuters. The deal would include Intel’s solid-state drive business in the US and a factory in Dalian, China, which produces advanced flash memory. Intel would keep its advanced memory unit, called XPoint. The Wall Street Journal earlier reported that the deal could be announced as soon as today. Intel’s shares were up nearly 3% after the report.
Source: https://www.reuters.com/article/us-intel-divestiture-sk-hynix/intel-poised-to-sell-nand-business-to-south-koreas-sk-hynix-for-almost-10-billion-sources-idUSKBN2742IY