SK Hynix Completes First Phase of $9-Billion Intel NAND Business Buy
South Korea's SK Hynix said it had completed the first phase of its acquisition of Intel's NAND flash memory chip business, after it received regulatory nods from eight countries including China.In exchange, SK Hynix will pay $7 billion (roughly Rs. 52213.07 crore) out of the deal's total $9 billion (roughly Rs. 67131.09 crore) price tag, the world's second-largest memory chip maker said in a statement on Thursday.The deal, signed in 2020, will allow Intel to focus on its smaller but more lucrative Optane memory business.…