The Intel Nand business agreement, including the factory in China, ended in 2020 and was estimated to be about $ 9 billion. However, the legal transfer of the existence has been extended for almost five years. Now the documents confirm that control is completely switch to SK Hynix.
This step was on time for Intel. Recently, US officials have limited the company’s activities in China and withdrew the Veu licenses, which did not allow American equipment to be used in the factory in Dalyan. Now every delivery requires separate approval. This can create serious challenges for Intel, but after the transfer of the facility, all risks fell to the new owner.
Source: Ferra
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