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Intel to sell NAND business to SKorean rival for $9 billion

| October 19, 2020 9:03 PM

SEOUL, South Korea (AP) — Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea’s SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing.

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