https://wccftech.com/intels-9-billion-business-sale-secures-chinese-approval-as-year-ends/

Chipmaker Intel Corporation's multi-billion dollar sale to Korean memory manufacturer SK Hynix received approval from Chinese authorities earlier this month after rumors indicated that it would close by the end of this year. Intel and SK Hynix announced the $9 billion sale in October last year and the transaction will not fully close until 2025, when Intel will transfer its intellectual property to the Korean memory manufacturer in a deal that will significantly transform the industry amidst the chipmaker's push to introduce new semiconductor manufacturing processes in the market.

Since the first stage of the deal has cleared regulatory scrutiny all over the globe, Intel will receive the bulk of the sales proceeds, amounting to $7 billion, from SK Hynix. The remainder, or $2 billion, will make its way into the Santa Clara, California chip giant's pockets in 2025, when all aspects of the sale have been completed.