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SK Hynix treats Intel’s NAND business as an independent company

An Intel executive announced that SK Hynix will not only absorb Intel’s 3D NAND and SSD business after the acquisition $9 billion in all assets In the next few years, it will actually operate as an independent company headquartered in the United States. This move may help Intel’s storage business unit retain its existing US corporate and government customers after changing hands.

The newly established company will be renamed, headquartered in the United States, and led by Robert Crooke, the current general manager of Intel NAND products. LinkedIn (pass CRN). The business entity will initially be jointly owned by Intel and SK Hynix, and will become a wholly-owned subsidiary of the latter in 2025. Although it will become part of SK Hynix, it will maintain a certain degree of independence.

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