Intel may sell the memory chip business, according to the latest news from foreign media, and the receiver is SK Hercules for $10 billion.
The report said the semiconductor giant will reposition itself away from an area of historic importance that is increasingly being challenged.
Sources say,The two companies are discussing the deal, which could be announced as soon as Monday, provided the talks do not break down at the last minute. Details of the deal, such as what business will be acquired SK Hercules, are unclear.
Intel's memory chip division produces NAND flash products, mainly for hard disk, thumb drive and camera and other devices. Intel has been thinking about exiting the business because of the fall in flash prices.
While Intel is best known for manufacturing CPU( central processors) as the core of the PC, the company also has a deep foundation in memory business.
When it was founded in the late 1960s, intel was a memory manufacturer, and then changed its course in the 1980s because it faced fierce competition from the booming Japanese electronics industry.
- THE END -
Reprint please indicate the source: fast technology