The acquisition announced a year ago started. Intel sold its SSD and NAND chips division to Korean SK Hynix. He paid $ 7 billion, for which he obtained part of the patents, the research and development team and the chip factory in Ta-lien, China.
SK Hynix already produces both NAND memories (it also had the first 176-layer) and finished SSDs. However, he will not integrate the division bought from Intel into the existing structures, but will separate it into a new subsidiary called Solidigm with headquarters in San Jose, USA. This will be led by Rob Crook, who also supervised Intel.
So far, only the first phase of the acquisition has taken place, the second will run until March 2025, when SK Hynix will pay another two billion dollars and take over the rest of the intellectual property. Until then, Intel will continue to use the Ta-lien plant to produce SSDs for mainframes and servers.
Intel still has non-volatile 3D XPoint-type memories (and Optane storage built on them), which he developed together with Micron. However, he only deals with them marginally.