Global Trade Alert
Global Trade Alert

United States of America: CFIUS clears the purchase of INTEL’s NAND business by a South Korean chipmaker for $9 billion

Announcement

12 Mar 2021

In March 2021, CFIUS cleared the purchase of INTEL’s NAND business for $9 billion by South Korean SK hynix Inc.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

12 Mar 2021

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On 12 March 2021, SK hynix Inc announced that the Committee on Foreign Investment in the United States “CFIUS” approved the proposed acquisition of Intel’s NAND memory and storage business by SK hynix...

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