China Approval of Acquisition of Intel NAND Business by SK hynix

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SK hynix’s Intel NAND Business Takeover Wins China Approval with Conditions
South Korea’s SK hynix Inc. said on Wednesday it has received merger clearances from the Chinese antitrust authority for its acquisition of Intel Corp’s NAND memory chip business, clearing the way for the world’s second-largest memory chip maker to completion of securing regulatory approvals from all eight countries. The US chip giant last October agreed to sell its NAND memory chip business to SK hynix for $9 billion, part of a move to divest to focus on its smaller but more lucrative Optane memory business which uses more advanced technology.