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SK Hynix Wins Europe's Approval for $9 Billion Intel Unit Deal

SK Hynix Wins Europe’s Approval for $9 Billion Intel Unit Deal
If Hynix gets signoffs from the remaining governments, it will cement its position as the largest Nand producer after Samsung.
Bloomberg | May 21, 2021
Shinhye Kang (Bloomberg) European regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, taking another step toward sealing a deal to strengthen the Asian chipmaker’s position in the booming memory market.
The European Commission has granted approval for the acquisition, the regulator said in a statement Friday. Hynix had earlier secured a greenlight from U.S. regulators and awaits approval from the U.K. and China. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year. ....

Shinhye Kang , Lee Seok Hee , Sk Hynix Inc , Samsung Electronics Co , European Commission , Intel Corp , South Korea Based Hynix , Samsung Electronics , Chief Executive Officer Lee Seok Hee , லீ செஓக் ஹீ , சாம்சங் மின்னணுவியல் இணை , ஐரோப்பிய தரகு , இன்டெல் கார்ப் , சாம்சங் மின்னணுவியல் , தலைமை நிர்வாகி அதிகாரி லீ செஓக் ஹீ ,

SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase

SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase
Bloomberg
3/12/2021
Sohee Kim
© Photographer: SeongJoon Cho/Bloomberg
The SK Hynix Inc. logo is displayed atop the company s semiconductor plant in this aerial photograph taken above Icheon, South Korea.
(Bloomberg) U.S. regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, one step toward completing a deal that would strengthen the Asian chipmaker’s position in the memory market.
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The Committee on Foreign Investment in the United States, better known as CFIUS, signed off on the deal, the company said in a statement Friday, following approval from the Federal Trade Commission. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year. ....

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