As part of the takeover by SK Hynix, Intel's NAND and SSD division will become a new, global company headquartered in the USA. This was revealed by Robert Crooke, the current head of the Intel division. Crooke will lead the new company as CEO.
As The Register discovered, Robert Crooke announced the plans in a blog post on LinkedIn. As soon as the pending approvals for the takeover of the Intel division by the South Korean memory manufacturer SK Hynix have been received, a new global company with headquarters in the USA will emerge from this. The future CEO Crooke also wants to share the name of the company on LinkedIn.
For the multi-billion dollar heavyweight, like Crooke under the placeholder “NewCo “Describes operating companies, new staff is already being sought. Over 150 jobs are available.
Some permits are still pending
Im October 2020 announced that Intel will sell its NAND flash memory and SSD business to South Korean industry colleague SK Hynix for $ 9 billion. While the companies have long since agreed, regulators have yet to approve the transaction. In March, the Committee on Foreign Investment in the United States (CFIUS) approved the acquisition. Federal Trade Commission received.
After Taiwan and South Korea, Brazil and Great Britain have also approved the takeover without any conditions. Now there are only statements from China and Singapore on the to-do list before the takeover is finally completed.