CMA Starts Formal Probe into SK Hynix's Acquisition of NAND, SSD from Intel
By Ian Walker
The U.K. Competition and Markets Authority said Monday that it
has started a formal investigation into anticipated acquisition by
SK Hynix Inc of Intel Corporation's NAND and SSD business to see if
the deal would lead to a "substantial lessening of
The regulator said that it informed the parties of its plan on
May 7 and has set a deadline of July 5 for its Phase 1
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.
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(END) Dow Jones Newswires
May 10, 2021 03:25 ET (07:25 GMT)
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