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Intel sells its NAND flash memory business to SK Hynix for $9 billion – Engadget

Intel sold off its NAND flash memory business to South Korea’s SK Hynix, but will retain control of the faster Optane technology.

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Tonight South Korean memory chip manufacturer SK Hynix announced a $9 billion deal with Intel. It’s acquiring Intel’s “NAND memory and storage business, which includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China.” If you’re wondering what this means for Intel’s speedy Optane SSDs, it will continue to hold onto that business, however as Tom’s Hardware points out, the technology is jointly developed by Intel and Micron, a…

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