Intel Sells SSD Business and Dalian Facility to SK hynix
30 Dezember 2021 - 12:20AM
Business Wire
Intel Corp. completes its first closing in
the sale of its NAND and SSD business to SK hynix.
Intel Corporation today announced it has completed the first
closing of the sale of its NAND and SSD business, selling its SSD
business (including the transfer of certain NAND SSD-associated
intellectual properties (IP) and employees) and the Dalian NAND
memory manufacturing facility in China to Seoul-based SK hynix. In
exchange, SK hynix will pay Intel US$7 billion in consideration.
The deal was announced Oct. 19, 2020.
Intel will continue to manufacture NAND wafers at SK hynix’s
Dalian memory manufacturing facility and retain certain IP related
to the manufacture and design of NAND flash wafers until the final
closing of the transaction. The final closing is expected to occur
in or after March 2025, when SK hynix will acquire from Intel the
remaining NAND business assets, including certain IP related to the
manufacture and design of NAND flash wafers, R&D employees and
the Dalian fab workforce, for US$2 billion.
The SSD business will transition to a newly formed company,
Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a
new paradigm in solid-state storage, will name Robert (Rob) B.
Crooke as CEO. Crooke was previously senior vice president and
general manager of Intel’s Non-Volatile Memory Solutions Group.
Solidigm will have its headquarters in San Jose, California.
As previously disclosed, Intel intends to invest transaction
proceeds to deliver leadership products and advance its long-term
growth priorities.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world’s top tier
semiconductor supplier offering Dynamic Random Access Memory chips
(“DRAM”), Flash memory chips ("NAND Flash") and CMOS Image Sensors
("CIS") for a wide range of distinguished customers globally. The
Company’s shares are traded on the Korea Exchange, and the Global
Depository shares are listed on the Luxemburg Stock Exchange.
Further information about SK hynix is available at www.skhynix.com,
news.skhynix.com.
Forward-Looking Statements
Statements in this press release that refer to future plans and
expectations, including with respect to the transactions
contemplated by SK hynix’s agreement to acquire Intel’s NAND memory
and storage business, NAND manufacturing and supply arrangements
and other relationships between SK hynix and Intel, and Intel’s
business and investment plans, are forward-looking statements that
involve a number of risks and uncertainties. Words such as
“anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,”
“seeks,” “estimates,” “continues,” “may,” “will,” “would,”
“should,” “could,” and variations of such words and similar
expressions are intended to identify such forward-looking
statements. Statements that refer to or are based on estimates,
forecasts, projections, uncertain events or assumptions, including
statements relating to the benefits of the transactions
contemplated by SK hynix’s agreement to acquire Intel’s NAND memory
and storage business; the timing and closing conditions of such
transactions; the timing of receipt of transaction consideration;
anticipated trends in Intel’s business or the markets relevant to
it; investment returns and benefits; and future products and
technology and the availability and benefits of such products and
technology also identify forward-looking statements. Such
statements are based on current expectations and involve many risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward-looking
statements. Important factors that could cause actual results to
differ materially from current expectations include, among others,
that governmental authorities may not approve the transactions;
that the final closing of the transactions may not occur or may be
delayed; that expected financial or other benefits of the
transactions may not be realized; that the timing of receipt of
transaction consideration could be impacted by foreign exchange
controls or other regulatory requirements; that litigation related
to the transactions or limitations or restrictions imposed by
regulatory authorities may delay, permanently restrain or
negatively impact the transactions; that unanticipated transition
costs may be incurred; that the transactions may not be supported
by third parties; and that there may be negative changes in general
economic or geopolitical conditions affecting the regions or the
industries in which SK hynix and Intel operate; as well as the
factors set forth in SK hynix’s most recent published business
reports and Intel’s SEC filings, including Intel’s most recent
reports on Forms 10-K and 10-Q. Copies of SK hynix’s business
reports may be obtained by visiting SK hynix’s Investor Relations
website at https://www.skhynix.com/ir/UI-FR-IR01. Copies of Intel’s
SEC filings may be obtained by visiting Intel’s Investor Relations
website at www.intc.com or the SEC’s website at www.sec.gov. Intel
does not undertake, and expressly disclaims, any duty to update any
statement made in this press release, whether as a result of new
information, new developments or otherwise, except to the extent
that disclosure may be required by law.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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version on businesswire.com: https://www.businesswire.com/news/home/20211229005403/en/
Penelope Bruce Media Relations 1-408-893-0601
penelope.bruce@intel.com
Tony Balow Investor Relations 1-503-696-0469
tony.balow@intel.com
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