INTC Intel Corporation

By Adria Calatayud

The U.K. Competition and Markets Authority said Tuesday that it is considering whether Intel Corp.'s proposed sale of its NAND and SSD business to SK Hynix Inc. might hurt competition in the U.K.

The antitrust watchdog said it is inviting comments on the deal from any interested parties until May 11.

U.S. chip maker Intel in October reached a deal to sell its flash-memory manufacturing business to South Korean peer SK Hynix for about $9 billion.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

April 27, 2021 03:38 ET (07:38 GMT)

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