Acquiring Company
SK Hynix
Acquired Company
Intel Corporation
Icheon Si
Santa ClaraManufacturingManufacturingSoftwareDescription
In October 2020, Intel agreed to sell its NAND memory business to SK Hynix for $9 billion. This transaction included Intel's solid-state drive business and a factory in Dalian, China. The deal was structured in two phases, with initial payments completed by the end of 2021. The remaining technology and intellectual property were set to transfer in 2025.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Intel Corporation?
Intel Corporation was acquired by SK Hynix, based in Icheon Si. The deal was reported on August 29, 2026. SK Hynix is a leading global memory semiconductor supplier. The company is known for its DRAM and NAND flash memory products. It plays a critical role in enhancing memory solutions across various applications. SK Hynix is privately held and operates in Manufacturing.
When did SK Hynix acquire Intel Corporation?
SK Hynix's acquisition of Intel Corporation was reported on August 29, 2026. In October 2020, Intel agreed to sell its NAND memory business to SK Hynix for $9 billion. This transaction included Intel's solid-state drive business and a factory in Dalian, China. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Intel Corporation do?
Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. The company continuously works to advance the design and manufacturing of semiconductors to help address customers’ greatest challenges. It is privately held, operating in Manufacturing, and is based in Santa Clara.
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