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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.275 | -0.80% | 34.185 | 34.18 | 34.19 | 34.45 | 33.95 | 34.36 | 3,842,858 | 14:50:39 |
From Jul 2019 to Jul 2024
By Kwanwoo Jun
SK Hynix Inc. plans to purchase Intel Corp.'s NAND memory-chip business for about $9 billion, the South Korean chip maker said in a regulatory filing Tuesday.
SK Hynix will pay KRW10.310 trillion ($9.04 billion) to acquire most of Intel's NAND business--which covers the NAND solid-state drive business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China, according to the filing.
The South Korean company's planned acquisition "aims to enhance the competitiveness of its NAND flash solutions" as a leading global semiconductor company.
The deal is expected to be completed by March 15, 2025.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
October 19, 2020 21:09 ET (01:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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