March 31, 2025 /SemiMedia/ — SK Hynix has finalized its acquisition of Intel’s NAND flash memory business, concluding a four-year process. The acquired assets will be integrated into its U.S. subsidiary, Solidigm, to strengthen enterprise SSD development.

The $8.85 billion deal was completed in two phases. In 2021, SK Hynix, through Solidigm, paid $6.61 billion to acquire Intel’s Dalian manufacturing facility and SSD business while Intel retained certain intellectual property, R&D, and key personnel. The final $2.24 billion payment in 2025 secured full ownership of the assets.

This acquisition is expected to enhance SK Hynix’s operational strategy and expand its enterprise SSD business, solidifying its position in the global NAND market. Analysts suggest that growing data center demand, driven by companies like Google and Meta, is fueling the enterprise SSD sector. SK Hynix aims to leverage this trend and utilize AI-driven innovation to strengthen its market presence.