February 26, 2025 /SemiMedia/ — Five years ago, SK hynix announced its $9 billion acquisition of Intel's NAND flash and storage business. The deal has progressed in stages, with the first phase completed in late 2021, when Asian regulators approved the transfer of Intel’s Chinese facilities and its NAND SSD design and R&D departments, forming the "Solidigm" brand.

According to a recent report by Businesskorea, SK hynix is set to make the final payment of $2.235 billion. Industry experts expect the acquisition to conclude next month, positioning SK hynix in direct competition with Samsung.

The acquisition is expected to strengthen SK hynix’s position in the enterprise SSD market. With companies like Google and Meta upgrading their data centers, demand for enterprise SSDs is on the rise. SK hynix plans to leverage this trend, using AI to drive innovation and growth.

The integration of Intel’s intellectual property and R&D resources is seen as a key move to solidify SK hynix’s foundation in the storage industry.