Intel sells its faltering SSD business to SK Hynix

SK Hynix, which makes our favorite SSD, will use the assets to expand its business, while Intel plans to reinvest the cash elsewhere. It’s also keeping Optane.

Intel, one of the biggest names in the flash storage and SSD business, announced Monday evening that it has sold all of its SSD operations to SK Hynix, a company even PC enthusiasts may not recognize. The sale, for a cool $9 billion, comes as Intel apparently exits what is increasingly becoming a commodity business.
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https://www.pcworld.com/article/3586553/intel-sells-its-faltering-ssd-business-to-sk-hynix.html