A Major Game-Changer In The SSD Market
Intel is getting out of the NAND SSD market with a $9 billion deal to sell its NAND memory and storage business to South Korean chipmaker SK Hynix.
The two companies announced the transaction Monday night stateside, which was at the beginning of the Tuesday workday in Korea, and it answered a question that had been lingering about Intel’s ability to make NAND products a long-term profitable business that provided strong returns.
The deal, which was announced several hours after two news reports said it was imminent, is the second major merger and acquisition deal in the semiconductor industry to be announced in the last two months that is of major consequence to the IT landscape. But besides the Nvidia-Arm acquisition, another large deal could be coming with AMD’s potential acquisition of Xilinx.
What follows are six big things you should know about the planned sale of Intel’s NAND memory and storage business to SK Hynix, including how the deal will happen, what will happen to Intel’s Optane products and how the deal will impact SK Hynix’s standing in the SSD market.