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October 20, 2020 05:22 am GMT

Intel agrees to sell its NAND business to SK Hynix for $9 billion

SK Hynix, one of the worlds largest chip makers, announced today it will pay $9 billion for Intels flash memory business. Intel said it will use proceeds from the deal to focus on artificial intelligence, 5G and edge computing. “For Intel, this transaction will allow us to to further prioritize our investments in differentiated technology […]

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