• Latest
  • Trending
Intel Closes First SSD Business Deal With SK Hynix

Intel Closes First SSD Business Deal With SK Hynix

December 30, 2021
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
Fibre optic interconnection linking Cameroon and Congo now operational

Fibre optic interconnection linking Cameroon and Congo now operational

July 15, 2022
Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

July 15, 2022
Airtel Africa Purchases $42M Worth of Additional Spectrum

Airtel Africa Purchases $42M Worth of Additional Spectrum

July 15, 2022
Huawei steps up drive for Kenyan talent

Huawei steps up drive for Kenyan talent

July 15, 2022
TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

July 15, 2022
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
Top 10 apps built and managed in Ghana

Top 10 apps built and managed in Ghana

July 15, 2022
MTN Group to Host the 2nd Edition of the MoMo API Hackathon

MTN Group to Host the 2nd Edition of the MoMo API Hackathon

July 15, 2022
KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

July 15, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Wednesday, 8 February, 2023
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Intel Closes First SSD Business Deal With SK Hynix

by ITECHNEWS
December 30, 2021
in Business, Leading Stories
0 0
0
Intel Closes First SSD Business Deal With SK Hynix

Intel has completed the first phase of its SSD business deal with SK Hynix, according to a recent report. This week, the major chipmaker said that it received a $7 billion initial payment for the agreement.

The deal will involve selling not only SSD but also NAND businesses to the South Korean semiconductor supplier. In the meantime, the seller would continue to hold a considerable stake until around 2025.

YOU MAY ALSO LIKE

Inaugural AfCFTA Conference on Women and Youth in Trade

Instagram fined €405m over children’s data privacy

According to a report by Tom’s Hardware on Thursday, Dec. 30, the announcement came after SK Hynix confirmed that the deal has passed the final regulatory compliance in China.

Although the Icheon-si firm faced a lot of challenges given these restrictions, Intel announced that SK Hynix would operate the fabs under the newly-formed “Solidigm” subsidiary.

For that part, Rob Crooke who worked as a previous general manager of Non-Volatile Memory Solutions Groups on Intel will take over the position as the Solidigm CEO. He also served as the SVP in the same company.

This is not the first time that the Intel-SK Hynix Deal appeared on the headlines of several tech sites. It was in October 2020 when the two parties agreed to the deal regarding the handling of SSD and NAND businesses for a particular period.

The report said that the $9 billion deal will allow SK Hynix to manage all NAND-linked businesses from Intel which includes SSD and the Dalian NAND fab. Meanwhile, the Santa Clara-headquartered giant would retain all of its patents and the Optane technology.

Remaining Part of the SSD Deal

In another report from AnandTech, the involved firms in the business deal would also mean the transfer of some employees. This would mean that those who are not working in the R&D would likely find a new home in this deal.

Furthermore, the tech site wrote that the remainder of the agreement would last until March 2025. For the manufacturing of NAND wafers, Intel would make use of the Dalian.

By the time the deal settles in its final phase, SK Hynix would pay Intel $2 billion as part of the asset transferring process. The Intel assets would be later put in the Solidigm.

Moreover, the current products of the American electronics firm would hand the D3/D5/D7 data center and the 660p/670 client SSDs to the standalone subsidiary. This would now turn into Solidigm’s official products.

Intel Acquires Self-Driving Car Company

In 2017, Tech Times reported that Intel acquired autonomous vehicle maker Mobileye. The deal closed at $15.3 billion. This year, the semiconductor titan announced that it would launch its robotaxi business with the help of the Israeli self-driving firm.

With the popularity of self-driving cars in the market, Intel looks forward to the competition that includes Elon Musk’s Tesla.

Source: Joseph Henry, Tech Times
Tags: IntelSK HynixSSD Business Deal
ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022

Recent News

  • Inaugural AfCFTA Conference on Women and Youth in Trade September 6, 2022
  • Instagram fined €405m over children’s data privacy September 6, 2022
  • 5.7bn data entries found exposed on Chinese VPN August 18, 2022
  • Fibre optic interconnection linking Cameroon and Congo now operational July 15, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version