According to the Wall Street Journal, Intel Corp. is about to sell its NAND Flash memory unit to the South Korean company SK Hynix , the second largest memory manufacturer in the world, for a price of around 10 billion dollars .
According to the report, both companies would be discussing an agreement that could be announced imminently, according to people familiar with the matter, assuming the talks do not fall apart at the last minute. Details of the transaction, including exactly what SK Hynix would buy, are still unknown.
The sale is very logical and is that when everyone hears about Intel, they think of its processors, but not its products made with their own NAND Flash memory chips, which give life to Optane units as the best-known product face to the consumer, but their products are not popular at all, and if we add to the equation a very volatile market, where prices are now reaching historical lows, and they need liquidity so as not to lose the battle in the CPU market with AMD ( that is looking to buy Xilinx to enter the FPGA market), or with Nvidia entering the CPU market with ARM, as it seems a very logical sale and more when the rumors a restructuring was already underway. and an investment of 15,000 million dollars to give a boost to its foundries.
Intel will reveal its latest financial report this Thursday, and there we will know in what state of health the company is. After the news broke, Intel shares are rising in value.