Under the Solidigm brand.
In 2020, Intel decided it no longer wanted to try to become a standalone 3D NAND solid-state memory manufacturer, and so it sold its Dalian, China, facility to SK hynix for $7 billion. The terms of the deal imply that Intel will only transfer the associated intellectual property and personnel of the facility and research center to SK hynix by the end of 2025, and after the South Korean company has paid $2 billion. As noted by Blocks & Files Citing South Korean media, the business’s new owners are considering an IPO in the United States.
Image source: Solidigm
In fact, the former Chinese Intel enterprise now produces solid-state memory and storage devices under the Solidigm brand, and after the final transfer to SK hynix ownership, the corresponding structure may enter the American stock market to attract financial resources. For SK hynix, the priority is the development of its own enterprises in South Korea, so it will try to finance the Chinese one at the expense of third-party investors. It is difficult to imagine, however, that there will be many of them under US sanctions, but the plan itself has the right to exist, at least hypothetically.
