Intel Agrees to Sell Storage Unit to SK Hynix for $9 Billion

Hynix announced its plan to acquire Intel's NAND memory unit for $9 billion, aiming to become the second-largest NAND flash memory maker. The deal includes Intel's memory plant in China but excludes its Optane division. Regulatory approvals are expected by next year, with finalization by 2025. The acquisition is seen as a market consolidation move, potentially stabilizing supply and prices. However, investor skepticism about the deal's cost has affected Hynix's stock performance, as the company has been experiencing financial losses and anticipates continued challenges in the near term.

What long-term priorities will the US chipmaker focus on after the restructuring of its memory businesses?

What concerns do investors have regarding the deal between Hynix and Intel?