335
122 shares, 335 points

SK hynix has officially announced that it has acquired Intel’s SSD division and NAND manufacturing facilities in Dalian, China, and the first phase has been completed. The new unit, which will be subordinate to the memory manufacturer, will be called “Solidigma”. With the experience of both companies, SK hynix aims to be a leading company on a global scale.

The memory giant will pay $ 7 billion in exchange for this deal. In the second phase of the transaction, intellectual property related to NAND flash production and design (IP), NAND R&D staff, Dalian plant workforce, and remaining assets related to the NAND business will be received from Intel. With the second phase, another $2 billion payment will be made and the entire transaction will end in March 2025.

The newly formed US subsidiary that will manage the newly acquired SSD division will be known as “Solidigm” (www.solidigmtechnology.com). Solidigm will be headquartered in San Jose, California, and will oversee product development, manufacturing and sales of the SSD unit previously acquired by Intel.

While SK hynix excels in mobile NAND flash, Solidigm appears to be a strong name in the enterprise SSD (eSSDs) market. Park Jung-ho, vice president and co-CEO of SK hynix, made some statements regarding the deal:

We sincerely welcome the Solidigm team members to join our family. This acquisition will present a paradigm-shifting moment for SK hynix’s NAND flash business to enter the global top-tier level. With this acquisition, SK hynix will go one step further towards becoming a global tier 1 technology company.

SK hynix, Solidigm and Intel will collaborate with each other to successfully close the deal. How much will we hear about Solidigm in the future? Let’s wait and see.


Like it? Share with your friends!

335
122 shares, 335 points

What's Your Reaction?

hate hate
981
hate
confused confused
490
confused
fail fail
122
fail
fun fun
1226
fun
geeky geeky
1104
geeky
love love
736
love
lol lol
858
lol
omg omg
490
omg
win win
122
win
Michael Lewis

Emperor

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format