Fact Source: Financial Supervisory Service DART
Market: KOSPI (000660)
💡 3-Second Summary
SK Hynix has officially completed the second and final closing of its acquisition of Intel’s NAND business, paying the remaining balance and finalizing the total acquisition value at KRW 11.12T (USD 8.85B) to conclude the overall transaction.
📊 Key Disclosure Contents & Financial Figures
- Initial Filing Date: October 20, 2020
- Acquired Business: Intel Corporation’s entire NAND business unit, excluding the Optane business (Includes SSD business, NAND component/wafer business, and Dalian manufacturing facility in China)
- Purpose of Acquisition: Strengthening NAND business competitiveness and building a high-value-added product portfolio
- Final Acquisition Value: KRW 11,120,537,000,000 (Adjusted from the initial KRW 10,310,400,000,000 due to exchange rate adjustments at actual payment dates)
- Payment Schedule & Details:
- 1st Closing (December 30, 2021): USD 6.61B (KRW 7.8422T applied at 1,186.60 KRW/USD) paid for the Dalian manufacturing facility and SSD business unit.
- 2nd Closing (March 28, 2025): USD 2.24B (KRW 3.2783T applied at 1,466.80 KRW/USD) final payment completed for NAND IP, operational personnel, and remaining equity.
- Acquisition Base Date (Closing Date): March 28, 2025
- Counterparty: Intel Corporation
- External Evaluator: Deloitte Anjin LLC (DCF valuation method applied; no grounds for inappropriateness found)
- Reason for Correction: Reflecting the final payment completion of the 2nd Closing, confirming transaction completion, and updating the final KRW acquisition amount based on applicable FX rates at each closing date.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Completion of Intel NAND Business Acquisition and Financial Statement Reflectivity
This corrective disclosure confirms the completion of the second closing and final payment for the acquisition of Intel’s NAND business that began in 2020. With the final remaining balance paid, verifying how the acquisition figures are reflected in the company’s actual financial statements is important for understanding the transaction’s overall financial impact. Relevant details can be verified in the ‘Final Report on Merger / Business Acquisition’ filed on March 28, 2025, and in subsequent periodic reports (Quarterly, Half-Yearly, and Annual Reports).
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service (DART).
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