The company said the second closing of the transaction with SK hynix occurred on March 27, 2025. It said this closing is the stage in which SK hynix acquires Intel's NAND memory technology and manufacturing business.

1. 01

   The company said the second closing of the transaction with SK hynix occurred on March 27, 2025. It said this closing is the stage in which SK hynix acquires Intel's NAND memory technology and manufacturing business.

2. 02

   Intel said it received approximately $1.9 billion at the second closing, net of certain adjustments.

3. 03

   The company said the first closing occurred on December 29, 2021 under the definitive agreement with SK hynix announced on October 19, 2020. The closing covered the NAND memory fabrication facility in Dalian, China, related equipment and tangible assets, and the NAND solid-state drive business.

4. 04

   Intel said the NAND wafer manufacturing and sale agreement entered into at the first closing has terminated in connection with the second closing. Under that agreement, Intel manufactured NAND wafers at SK hynix's Dalian memory manufacturing facility.

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