According to CRN, SK Hynix plans to turn Intel’s NAND memory and storage business into a stand-alone U.S. company.

That’s according to Robert Crooke, senior vice president and general manager of Intel’s NAND Products and Solutions Group, who wrote in a LinkedIn post Tuesday that he will become CEO of the U.S.-based company once SK Hynix’s $9 billion acquisition of Intel’s NAND business closes.

Crooke said the company will have a new name, which will be announced later. He added that the company has more than 150 positions open and linked to a hiring site with roles across China, Taiwan, Poland, the U.K. and California.

“There are tremendous career opportunities as we build a new multibillion-dollar global company that brings together amazing technology, people and operational scale to become a powerhouse in the NAND storage and memory industry,” Crooke wrote.

The report pointed out that the SK Hynix-Intel NAND deal has already received approval from the U.K., U.S. and European Union, and SK Hynix said last week it expects to get approval from China later this year.