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For $9 billion, Intel sells its NAND streak memory business to SK Hynix

Intel is auctioning off a large portion of its blaze memory business, except for its quick Optane tech.

This evening South Korean memory chip maker SK Hynix reported a $9 billion arrangement with Intel.

It’s securing Intel’s “NAND memory and capacity business, which incorporates the NAND SSD business, the NAND part and wafer business, and the Dalian NAND memory producing office in China.”

In case you’re thinking about what this implies for Intel’s fast Optane SSDs, it will keep on clutching that business, anyway as Tom’s Hardware calls attention to, the innovation is together evolved by Intel and Micron, and made totally by Micron.

The arrangement is forthcoming government endorsement, and the two players anticipate that it should close by late one year from now.

It likewise follows Apple getting Intel’s cell phone modem business a year ago.

In an announcement, Intel CEO Bob Swan said “For Intel, this exchange will permit us to additionally organize our interests in separated innovation.”

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