https://wccftech.com/intel-shares-soar-drop-10-billion-sale-sk-hynix/

As the semiconductor world starts to consolidate in the era of post-pandemic economic disruption, semiconductor giant Intel Corporation is looking to sell its memory business to South Korean manufacturer SK Hynix. At least that's what the Wall Street Journal believes in a fresh report that surfaced roughly two hours after noon today, with the closing price of the transaction rumored to be in the range of $10 billion.

The deal surrounds Intel's facility that it uses for manufacturing 3D NAND memory chips, and it follows an earlier report (also by The Journal) that suggested Intel's rival in the personal computing and graphics processing industry AMD's interest in acquiring Xilinx Corporation; an Ohio-based firm that specializes in manufacturing customizable. computer chips.