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.

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