Intel offloads NAND business to South Korea's SK Hynix for a cool $9bn

Deal sees $7bn paid now, $2bn in 2025 when Intel hands over key IP and FAB workers

Intel has agreed to sell its NAND and SSD businesses to South Korean chipmaker SK Hynix for $9bn.

The deal will see SK Hynix become the world's second largest provider of flash memory, overtaking Japanese rival Kioxia (formerly Toshiba's memory biz) and closing in on Samsung's memory business. Samsung accounted for over a third of the world's NAND sales in the second quarter of the year.

SK Hynix said that the deal would include all of Intel's NAND business, including its SSD business, its NAND product and wafer business, and its chip fab in Dalian, China.

The deal will not include Intel's Optane storage-class-memory business.

SK Hynix said it will combine its own NAND technology with Intel's and plans "to establish a higher value-added 3D NAND solutions portfolio including enterprise SSDs."

Intel's NAND business generated around $2.8bn of revenue and $600m in operating income in the first half of 2020, but Intel has decided it needs to focus on processor technology, which has fallen behind rivals such as TSMC.

Chipzilla's take on the matter is here. SK Hynix's canned statement, meanwhile, stated: "Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge."

The sale is expected to receive government approval next year, though SK Hynix said it will be March 2025 before it is complete. The deal will therefore see an initial payment of $7bn, followed by $2bn in 2025 once Intel hands over: "IP related to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce." ®

Send us news

Anyone fancy a Snowmobile full of Bags O'Crap? It'll be on the list somewhere

Reg reader reveals colossal 821-item collection of Amazon trademarks tucked away on its site

Recently, a Reg reader contacted us at Vulture (virtual) Towers with something odd they'd found online – a page tucked away in the little-visited “Legal Policies” section of Amazon's website containing a "non-exhaustive" list of all the trademarks held by the company.

The list is massive: 821 trademarks, sorted alphabetically and listed entirely free of context or explanation.

On first glance, the contents can be baffling, or will induce flights of fancy as to their purpose. When simply plucked out of a list of plain-text words, the purpose of, say, "6PM", "BAG O'CRAP" or "MAD DOGS" are difficult to discern.

Continue reading

Subcontractors working on CityFibre's £45m Derby rollout threaten to 'rip up tarmac' in dispute over payments

Main contractor J McCann insists it takes its obligations 'very seriously'

Contractors helping to lay fibre cables under streets in Derby have threatened to scrap their work and "rip up tarmac" they've laid – unless they get paid.

A report by Construction Enquirer claims that subcontractors have also downed tools following the payment row.

The cables are being laid for digital infrastructure outfit CityFibre, which is spending £45m to install digital infrastructure in Derby.

Continue reading

Reserve Bank of India official suggests country may soon have a digital currency pilot

CBDC would be released in phases to prevent volatility

India may be launching a digital currency, an official from the Reserve Bank of India (RBI) said today.

Speaking at a panel discussion held by the Vidhi Centre for Legal Policy think tank, RBI deputy governor T Rabi Shankar described the potential Central Bank Digital Currencies (CBDCs) have for India, including smoother international transactions and protections from volatility.

Addressing whether CBDCs are needed in India, Shankar said: "It is important that all central banks get on the CBDC arrangements and coordinate effectively within themselves to actually maximize the immense potentials that CBDCs carry."

Continue reading

Intel: 'Another one to two years before the industry is able to completely catch up with demand'

CEO reassures punters that $40bn foundry spending will pay off

Intel boss Pat Gelsinger reckons global semiconductor shortages that continue to disrupt tech industry supply chains could last until 2023, around the time Chipzilla will at last release its first 7nm process CPU, Meteor Lake.

"We remain in a highly constrained environment where we are unable to fully support demand," the CEO noted last night on the company's earnings call for its Q2 of fiscal 2021, ended 26 June.

Gelsinger added that in client computing, Chipzilla continued to "see very strong demand for our client products and expect growth to continue. However, persistent industry-wide component in substrate shortages are expected to lower [client computing group] revenues sequentially.

Continue reading

In the Navy, we want to share data with some ease. In the Navy, can someone help us with this please?

Palantir potentially in line for £50m contract with Brit maritime force

The Royal Navy is on the hunt, not for enemy submarines in this instance, but for a technology supplier to provide a data integration platform in return for a bounty of £50m.

The British naval warfare force said it needed the new platform to help it share data with "military, maritime and industry partners," according to a contract notice published this week.

It said the 475-year-old institution requires a "partner to provide digital upskilling and a data integration platform that will operationalise and enhance existing RN digital capability on a secure, accredited, multi-classification, interoperable platform that enables the sharing of data among military, maritime and industry partners using open standards so that users can use analytics and visualisations to improve decision making capability."

Continue reading

We've seen things you people wouldn't believe. An exoplanet building its own moons

400 light-years away, satellites are forming

Pic Astronomers have for the first time spotted what appears to be a moon-forming ring of matter around a young exoplanet, and described their findings in a paper published on Thursday.

Orbiting a star 400 light-years away, PDS 70c is an otherworldly Jupiter-like gas giant that is particularly interesting to planet watchers. Unlike most other confirmed exoplanets, PDS 70c and its neighbor PDS 70b are not yet fully grown. So much so, when they were discovered in 2018 and 2019 respectively, it was the first time researchers were able to directly image a protoplanet.

The latest observations have confirmed PDS 70c is harboring another astronomical gem: it’s surrounded by a cloud of gas and dust in which satellites are slowly taking shape.

Continue reading

SAP's home crowd fails to RISE to the bait with lift-and-shift-to-the-cloud offer

German-speaking user group takes dismal view of scheme's value

The German-speaking SAP user group (DSAG) has published a decidedly downbeat survey revealing attitudes to RISE with SAP, the application company's big sell to get its entrenched customer base to the cloud.

In joint research with the Americas SAP User Group (ASUG), DSAG has shown only 12 per cent of its members say the RISE campaign is "somewhat of value or high in value." A significant minority of those users, 39 per cent, view RISE as having little value or no value at all.

Only 10 per cent of DSAG members said it was "somewhat to very likely" that they would consider the offer.

Continue reading

Hole blasted in Guntrader: UK firearms sales website's CRM database breached, 111,000 users' info spilled online

One of the worst things that could happen to privacy-focused community

Criminals have hacked into a Gumtree-style website used for buying and selling firearms, making off with a 111,000-entry database containing partial information from a CRM product used by gun shops across the UK.

The Guntrader breach earlier this week saw the theft of a SQL database powering both the Guntrader.uk buy-and-sell website and its electronic gun shop register product, comprising about 111,000 users and dating between 2016 and 17 July this year.

The database contains names, mobile phone numbers, email addresses, user geolocation data, and more including bcrypt-hashed passwords. It is a severe breach of privacy not only for Guntrader but for its users: members of the UK's licensed firearms community.

Continue reading

BOFH: You say goodbye and I say halon

I say 'Yes', Boss says 'No'... Boss says 'Stop'..and I say 'Go, go, go!'

Episode 13 "You're taking the halon away?!" the PFY gasps.

"We have to," the Boss responds.

"It's the Montreal Protocol," the fire engineer says. "You shouldn't even have halon in the first place."

Continue reading

UKRI denies pulling funding from Newport Wafer Fab over Chinese ownership concerns

'Funding continues,' despite media reports to the contrary

Updated UK Research and Investment (UKRI) has rejected reports it had, on instruction of UK government, cut financial support for Newport Wafer Fab over concerns about its acquisition by Nexperia, offering a simple statement: "funding continues."

The Telegraph was the first to report claims from an unnamed source that UKRI had pulled grant funding from Newport Wafer Fab earlier this week. The reason: concerns over the chip-making facility's acquisition by Nexperia, which while based in the Netherlands is owned by Wingtech Group - itself owned, in part at least, by the Chinese state.

UKRI, however, told The Register that the claims are incorrect, with a spokesperson setting the record straight with a simple two-word statement: "Funding continues."

Continue reading

UK celebrates 25 years of wasteful, 'underperforming' government IT projects

National Audit Office's scathing report blames fails on lack of experience

Government IT projects are poorly thought out, often fail to achieve what they're designed to do, and are a waste of taxpayers' money.

Or so the UK's National Audit Office (NAO) has said in a report that lays bare frailties and failures that are so commonplace that few tech pros are likely to be surprised.

The report said the UK has little chance of turning things around because public sector failures are so widespread and deep-rooted, with to few senior government officials armed with the experience and skills to run such schemes.

Continue reading