https://wccftech.com/intel-sk-hynix-nand-flash/

After a report from The Wall Street Journal broke the news about chipmaker Intel Corporation selling its memory and storage division to South Korean SK Hynix surfaced yesterday, the two companies announced the specifics of the deal later on. Through the sale, whose phase two will be completed in 2025, Intel will transfer its NAND memory and storage business, NAND component business and its NAND manufacturing facility in China to SK Hynix for a final price of $2 billion.

Once the deal closes, SK Hynix will have managed to secure a big portion of the NAND industry in the form of Intel's customers. This will allow the company to become the world's second-largest in terms of market share according to a fresh research report from TrendForce.