Selling Its NAND Business Won't Solve Intel's Problems

Selling Its NAND Business Won't Solve Intel's Problems

Intel (NASDAQ: INTC) recently agreed to sell its NAND (flash memory) business to South Korean chipmaker SK Hynix for $9 billion. The sale will include Intel's NAND component and wafer business, its NAND SSD (solid state drive) business, and its NAND chipmaking plant in Dalian, China. Intel and SK Hynix expect the deal to close in late 2021.