M&A - INTEL CORP

Form Type: 8-K

Filing Date: 2025-03-28

Corporate Action: Acquisition

Type: Update

Accession Number: 000005086325000060

Filing Summary: On March 27, 2025, Intel Corporation completed the second closing of its acquisition agreement with SK hynix Inc. This transaction was first announced on October 19, 2020. The acquisition involved the transfer of Intel's NAND memory fabrication facility in Dalian, China, its NAND solid-state drive business, and NAND memory technology and manufacturing assets. Intel received approximately $1.9 billion at the second closing, which is net of certain adjustments. Following the second closing, a previously established NAND wafer manufacturing and sale agreement with SK hynix has been terminated.

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