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After yearlong bid, SK hynix wins approval from China for $9 billion business deal with Intel

December 24, 2021
Source: ghanamma.com ghanamma.com
News Snapshot:
Exterior view of the SK hynix Inc. headquarters, South Korea’s No. 2 chipmaker, in Icheon, south of Seoul, South Korea. China’s antitrust agency has approved a semiconductor deal between SK hynix and Intel, allowing the $9 billion contract to go through. Photo by Yonhop/EPA-EFE SEOUL, Dec. 23 (UPI) — South Korean semiconductor manufacturer SK hynix has received China’s approval to finalize its deal to buy Intel’s NAND flash business. The State Administration of Market Regulation announced Wednesday on its website that the Chinese antitrust agency had granted approval for the $9 billion contract between SK hynix and Intel. The measure...
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Tags: acquisition | Antitrust | bid | block | Business | China | Chinese | circuit | contract | customer | data | Economy | facility | flash | government | headquarters | Intel | IT | manufacturer | semiconductor | South Korea | Taiwan | technology | United States | website

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