Divestiture • Semiconductors

SK Hynix Acquires Intel - NAND Memory Business

On October 19, 2020, SK Hynix acquired semiconductors company Intel - NAND Memory Business from Intel for 9.0B USD

Acquisition Context
  • This is SK Hynix’s 4th transaction in the Semiconductors sector.
  • This is SK Hynix’s 2nd largest (disclosed) transaction.
  • This is SK Hynix’s 2nd transaction in the United States.
  • This is SK Hynix’s 2nd transaction in California.

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M&A Deal Summary

Date October 19, 2020
Target Intel - NAND Memory Business
Sector Semiconductors
Buyer(s) SK Hynix
Sellers(s) Intel
Deal Type Divestiture
Deal Value 9.0B USD

Target Company

Intel - NAND Memory Business

Santa Clara, California, United States
Intel Corp.'s NAND Memory Business includes NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China.
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Buyer Overview 1

Buyer

SK Hynix

Icheon, South Korea

Category Company
Founded 1949
Sector Semiconductors
Employees28,894
Revenue 66.19T KRW (2024)
DESCRIPTION
SK Hynix facility in San Jose, California.
SK Hynix facility in San Jose, California.

SK Hynix is a developer and manufacturer of memory and non-memory semiconductors. SK hynix was founded in 1949 and is based in Icheon, South Korea.


Deal Context for Buyer #
Overall 5 of 5
Sector: Semiconductors 4 of 4
Type: Divestiture 2 of 2
State: California 2 of 2
Country: United States 2 of 2
Year: 2020 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 Kioxia

Tokyo, Japan

Kioxia is a provider of non-volatile memory solutions. The products can be found embedded in smartphones, MP3 players, satellite navigation systems, digital still cameras and digital video recorders. KIOXIA also produces a wide range of digital media storage devices such as SDHCTM, SDXCTM, microSDTM, and FlashAirTM wireless memory cards and USB flash drives to meet the growing storage needs of electronic devices. Kioxia was founded in 2017 and is based in Tokyo, Japan.

Buy $18.0B

Seller Profile 1

SELLER

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


Deal Context for Seller #
Overall 13 of 14
Sector: Semiconductors 3 of 3
Type: Divestiture 12 of 12
State: California 9 of 9
Country: United States 11 of 11
Year: 2020 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 Rivet Networks

Austin, Texas, United States

Rivet Networks is a provider of software and cloud-based technologies for networking connectivity. Rivet Networks’ products deliver speed, intelligence and control for gamers and performance users. Its products maximize Wi-Fi bandwidth utilization and optimize the wireless network connection on your platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 SigOpt

San Francisco, California, United States

SigOpt is a provider of a platform for the optimization of artificial intelligence (AI) software models at scale. SigOpt’s AI software technologies deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics.

Buy -