The final phase of the acquisition concluded with SK hynix making a $1.9 billion payment to Intel.
The acquisition unfolded in two phases over several years.
This move grants Solidigm complete operational independence and allows for seamless integration with SK hynix’s existing operations.
The unification is expected to enhance the development of next-generation storage products.
Intel described the transaction as a strategic decision to realign its business priorities.
Instead, Intel plans to focus on higher-growth areas such as artificial intelligence chips and advanced semiconductor manufacturing.
For SK hynix, the acquisition marks a significant expansion of its footprint in the global NAND market.
