For SK Hynix, it is the biggest acquisition ever as it seeks to boost its capacity to build NAND chips, used to store data in smartphones and data centre servers.
SEOUL: South Korea’s SK Hynix Inc says it has completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, after it received regulatory nods from eight countries including China.
In exchange, SK Hynix will pay US$7bil (RM29.19bil) out of the deal’s total US$9bil (RM37.53bil) price tag, the world’s second-largest memory chip maker said in a statement.
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