FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji
December 29, 2021
SEOUL (Reuters) – South Korea’s SK Hynix Inc said on Thursday it completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, after it received regulatory approvals from eight countries including China.
In exchange, SK Hynix will pay $7 billion out of the deal’s total $9 billion price tag, it said in a statement.
(Reporting by Joyce Lee; Editing by Chris Reese)
