SK Hynix to Make Intel’s NAND Business a Separate Company

An Intel executive has announced that SK Hynix will not just absorb Intel’s 3D NAND and SSD business after acquiring all the assets for $9 billion over the coming years but will actually run it as a standalone company headquartered in the U.S. The move might help Intel’s storage business unit keep its existing US-based corporate and government customers after it changes hands.  

UPDATE 8/6: The initial version of the story contained an incorrect statement about the initial ownership of the new company.