Intel is selling its SSD business

3D NAND SSD. © Intel.

Intel is selling its SSD business to South Korean company SK Hynix in a deal worth $9 billion, which will see the chipmaker almost completely exit the flash memory and storage business — except for Intel’s high-end Optane 3D XPoint non-volatile memory (NVM) technology. The deal includes the company’s SSD factory in Dalian, China. This decision marks the latest consolidation for Intel, which has continued to focus further on its core chipmaking and data center businesses. Intel also recently sold its 5G modem business to Apple last year in a deal worth $1 billion. The two companies still need to get governmental approval for the purchase, which they don’t expect to get until late 2021.

⇨ The Verge, Chaim Gartenberg, “Intel is selling its SSD business for $9 billion, but keeping Optane.”