After obtaining approval from the United States and the European Union, SK Hynix's $9 billion acquisition of Intel's NAND flash business has also been approved by South Korean regulators.
Sk Hynix's acquisition of Intel NAND flash business has been approved by South Korean regulators
Sk Hynix's acquisition of Intel's NAND flash business was approved by South Korean authorities and reported by South Korean media.
South Korean media reports show that SK Hynix's acquisition of Intel NAND flash business has been approved by the South Korean Fair Trade Commission.
According to South Korean media reports, the reason why the Fair Trade Commission of South Korea approved the acquisition transaction quickly is that they think the anti-monopoly concerns of the transaction are not high.
According to the data of Korea Fair Trade Commission, SK Hynix's share in NAND flash market will increase from 13% to 27% after the acquisition of Intel NAND flash business, and its share will double, but it will not become the largest manufacturer. At present, the share of existing manufacturers in this field is more than 30%.
Sk Hynix's acquisition of Intel's NAND flash business was announced in October last year. SK Hynix will purchase Intel's NAND SSD business, NAND flash and wafer business, NAND flash manufacturing plant in Dalian, and Intel's intellectual property rights and R & D personnel related to the design and manufacture of NAND wafers at a price of US $9 billion, Intel will retain the aoteng business with advanced storage technology.
Although SK Hynix's acquisition of Intel's NAND flash business has been approved by relevant regulators in the United States, the European Union and South Korea, it still needs to be approved by regulators in the United Kingdom, Brazil, Singapore and other countries.