Intel to sell NAND business to SKorean rival for $9 billion
https://apnews.com/881e3525dca27aa3da836354f18aa682
SEOUL, South Korea (AP) — Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea’s SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing.
Intel said it will keep its “Optane” business of more advanced memory products, which analysts say are mostly produced in the United States.