Acquiring Company
SK Hynix
Acquired Company
Intel
Icheon Si
San FranciscoManufacturingInformation TechnologySoftwareelectrical/electronic manufacturingDescription
In October 2020, SK Hynix agreed to acquire Intel's NAND memory and storage business for $9 billion. The deal includes Intel's solid-state drive business and its factory in Dalian, China. The transaction was structured in two steps, with significant components transferring to SK Hynix by 2025. This acquisition aims to strengthen SK Hynix's position in the memory market.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Intel?
Intel 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?
SK Hynix's acquisition of Intel was reported on August 29, 2026. In October 2020, SK Hynix agreed to acquire Intel's NAND memory and storage business for $9 billion. The deal includes Intel's solid-state drive business and its factory in Dalian, China. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Intel do?
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. It is publicly traded (INTC), operating in Information Technology, and is based in San Francisco.
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