SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase
- Deal for Intel memory unit still needs nod from China, others
- Hynix looking to challenge Samsung in Nand memory chips
The SK Hynix semiconductor plant in Icheon, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
U.S. regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, one step toward completing a deal that would strengthen the Asian chipmaker’s position in the memory market.
The Committee on Foreign Investment in the United States, better known as CFIUS, signed off on the deal, the company said in a statement Friday, following approval from the Federal Trade Commission. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year.