:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2020. 11. 30.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: SK hynix to acquire Intel’s NAND business for $9 billion


SK hynix to acquire Intel’s NAND business for $9 billion

SK hynix is buying Intel’s NAND memory and storage business for $9 billion, one of the largest acquisitions in Korean corporate history.

The deal announced on Tuesday will make the Korean chipmaker the second largest NAND flash maker in the world and accelerate Intel’s retreat from the memory chip business.

The board of SK hynix approved the deal on Tuesday and announced it on an electronic disclosure site.

The deal includes Intel’s NAND solid-state drive (SSD) business, NAND component and wafer business and the NAND manufacturing facility in Dalian, China.

SK will acquire the NAND SSD business and the Dalian facility with the first payment of $7 billion.

The acquisition of the remaining assets worth $2 billion, including intellectual property on the design of NAND flash wafers and research workforce, is expected to happen in 2025.

The merger will require government approvals, which the two companies aim to finalize by late 2021.

“By taking each other’s strengths and technologies, SK hynix will proactively respond to various needs from customers and optimize our business structure, expanding our innovative portfolio in the NAND flash market segment, which will be comparable with what we achieved in DRAM,” said SK hynix CEO Lee Seok-Hee.

NAND flash refers to a non-volatile storage chip that does not require power to retain data whereas a dynamic random-access memory (DRAM) chip is a volatile storage device that requires power to maintain data.

SK hynix is the world’s second largest maker of DRAM memory after Samsung Electronics. But its foothold in NAND memory has been smaller. As of the first half of this year, SK hynix had an 11.7 percent market share in the global NAND memory market, the fourth largest, according to research firm DRAMeXchange.

Intel trails in fifth place with an 11.5 percent market share. The merger will elevate hynix’s ranking to second place after Samsung Electronics, beating out Tokyo-based Kioxia and pushing it down to third place.

The deal could help consolidate the crowded NAND market, which could benefit existing players.

“Six major companies compete in the market and China has set its eyes on the NAND market, factors that prompted Intel to get out of the business” said Kim Sun-woo, an analyst at Meritz Securities. “The merger will help reduce capital expenditures [by NAND flash makers] and increase bargaining power with customers,” Kim said.

Roughly 72 percent of SK hynix's revenue now comes from DRAM chips, while NAND accounted for a much smaller 24 percent.

Still, some analysts raised worries about the sheer size of the acquisition.

“Over 10 trillion won [$8.8 billion] of investment could be considered a burden [for SK hynix],” said Lee Seung-woo, an analyst at Hi Investment & Securities.

Intel’s NAND business generated revenue of $2.8 billion and approximately $600 million in operating profits during the year’s first half.

For the U.S. company, selling the NAND-related assets comes as it prioritizes other businesses including computer processing units (CPUs), artificial intelligence and 5G networking.

“I am proud of the NAND memory business we have built and believe this combination with SK hynix will grow the memory ecosystem for the benefit of customers, partners and employees,” Bob Swan, Intel CEO, said.

Rivals Nvidia and AMD have recently scaled up their market share in the CPU segment, threatening Intel’s dominance.

BY PARK EUN-JEE, SONG KYOUNG-SON

Excerpts articles from Korea Joongang Daily
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2020. 11. 30.  전체글: 791  방문수: 2617575
 공지  정규직,계약직,프리랜서직 모집 
791   Bank of Korea keeps key rate at record low
790   Boryung's cancer drug line gets GMP certification
789   Exports rise 11.1% in first 20 days of November
788   Crude steel production plummeted in 2020, but demand is rising
787   Korea Development Bank to inject W800 bil. for Korean Air's takeover of Asiana
786   Startups to compete with promising business ideas at Come Up 2020
785   Posco Energy begins operation of LNG terminal
784   Biden targets virus as transition begins
783   Korean won hits 21-month high after Biden win
782   Alibaba posts solid revenue ahead of shopping festival
781   Korea needs to walk tightrope between US and China
780   Gov't, DP compromised on taxing matters
779   Gaming out Lee Kun-hee's estate suggests a few options
778   Korean banks set for fiercer rivalry in Southeast Asia
777   Singapore, UAE top food, water safety list: poll
776   Samsung's Lee Kun-hee passes away at 78
775   Dramatic turnaround for LG Display
774   SK E&C, Veea team up for safety management system
773   SK hynix to acquire Intel’s NAND business for $9 billion
772   Oil Extends Drop With OPEC+ Warning of Precarious Market Outlook
771   YouTube Cracks Down on QAnon Conspiracy Theory, Citing Offline Violence
770   New Hyundai Motor chief set to tackle key tasks 
769   Global watchdog proposes tax overhaul for Big Tech
768   DSME signs 2 trillion won deal for six LNG carriers
767   New innovation or monopolistic abuse?
766   A BTS remix tops charts around world 
765    scientists win Nobel physics prize for black hole finds 
764   Experts question efficacy of gov't measures to bolster fiscal soundness 
763   KakaoPay set to ride on 'IPO craze' in Korea 
762   Virus's unseen hot zone: The American farm 
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 27