Intel sells NAND memory chip business to SK Hynix for $9 billion - CNN

SK Hynix will acquire Intel's NAND memory chip business, including associated manufacturing and design patents, as well as the US firm's factory in Dalian, China, the companies said in a statement on Tuesday.

The US company will keep Optane, its advanced memory chip technology business.

For SK Hynix, acquiring part of Intel's memory chip business will allow the South Korean company to vault from fourth place in the global rankings of NAND flash chip makers to second, just behind rival Samsung.