The deal includes SK hynix acquiring Intel's solid-state drive or SSD business, the NAND component and wafer business, and a NAND memory manufacturing facility in
"We are very glad that SK hynix, which has been leading innovation in NAND flash technology, could make future together in cooperation with Intel's NAND business unit," said
The company said that it expects to become leading global company in the field of NAND flash memory, which is briskly growing in the era of big data, by improving its competitiveness through the deal.
In a separate statement, INTEL CEO
The statement said the proceeds will be invested in such areas as artificial intelligence, 5G networking and the intelligent, autonomous edge.
==Kyodo
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