INTEL CORP (INTC): M&A transaction — Intel completes second closing of NAND memory sale to SK hynix for ~$1.9B

INTEL CORP

Second closing occurred on March 27, 2025; Intel received ~$1.9B net of adjustments.
Transaction covers Intel's NAND memory technology and manufacturing business; first closing was Dec 2021.
NAND wafer manufacturing and sale agreement between Intel and SK hynix terminated upon second closing.
This completes the previously announced divestiture of Intel's NAND and SSD business.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

INTEL CORP completed a disposition involving SK hynix Inc. for approximately $1.9 billion (closed 2025-03-27).

Action: disposition
Counterparty: SK hynix Inc.
Consideration: approximately $1.9 billion
Closing: 2025-03-27

Exact text from the filing

On March 27, 2025, the second closing of the transaction occurred. The consideration received by Intel at the second closing of the transaction was approximately $1.9 billion, net of certain adjustments.

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Source: SEC EDGAR

accession 0000050863-25-000060

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