South Korea's SK hynix is reportedly in talks to buy Intel's Fab 68 plant in dalian, China, and its NAND flash memory business.
Intel Fab 68 dalian plant was officially put into production in 2010, initially responsible for packaging and testing, but only 90nm, 65nm and other old processes, which quickly fell out of date, and later was changed into NAND flash memory factory, currently responsible for 64 layers of 3D TLC.
As for the value of the acquisition, industry insiders estimate that the dalian plant itself could cost around $8 billion, or at least $10 billion if you add in the flash memory business, but at SK hynix, that's not too hard to come by.
However, the rumor was denied within a day. Jiwei.com, which first reported that Intel had sold its Fab68 factory in dalian, said it received a public response from Intel.
"Intel regularly communicates with other storage providers as part of its normal business operations.Given the state of the industry, such rumours are natural and not surprising.Memory and storage remain at the heart of our data-centric strategy, and we will continue to invest in these businesses."