SK Hynix gets China approval to take over Intel’s NAND business
https://techcrunch.com/2021/12/22/sk-hynix-gets-china-approval-to-take-over-intels-nand-business/
South Korean chipmaker SK Hynix said on Wednesday it has received merger clearance from the Chinese antitrust authority for its $9 billion acquisition of Intel Corp’s NAND and SSD (solid-state drive) business, clearing the final hurdle to completion of securing regulatory approval in eight jurisdictions.
Last October, the U.S. chip giant and SK Hynix reached the acquisition deal. Following the agreement, SK Hynix obtained nods from watchdog agencies in South Korea, the U.S., the European Union, Taiwan, Brazil, Britain and Singapore.