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INTEL CORP 8-K Report, Acquisition Completed (Mar 28, 2025)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed March 28, 2025
Period End
March 27, 2025
Security
INTC
In the record · 2016–202610-K1110-Q328-K181

INTC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 181 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’18Aug ’18
  2. Material agreement8-K · Oct ’20Oct ’20
  3. Deal closed8-K · Nov ’22Nov ’22
  4. Leadership change8-K · Apr ’26Apr ’26

01—Abstract

Summary

Summary of the 8-K filed March 28, 2025. Cited figures are marked; the original filing is the authoritative source.

Intel Corporation (INTC) has officially completed the second and final closing of its previously announced divestiture of its NAND memory technology and manufacturing business to SK hynix Inc. This transaction, initially announced in October 2020, was structured in two closings, with the first involving the NAND solid-state drive business and the Dalian fabrication facility occurring in December 2021.

The second closing, which concluded on March 27, 2025, finalizes the sale of Intel's NAND memory technology and manufacturing operations. The company received approximately $1.9 billiona in net proceeds from this second closing, after accounting for certain adjustments.

This significant cash inflow provides Intel with additional financial flexibility. Furthermore, the completion of this sale terminates the NAND wafer manufacturing and sale agreement that was in place since the first closing, marking a complete separation of Intel's involvement with its NAND memory business.

02—Key points

Key Highlights

  1. Intel Corp. has completed the second and final closing of its NAND memory business divestiture to SK hynix Inc., announced on March 27, 2025.
  2. The transaction, initiated in October 2020, was divided into two closings, with the first occurring in December 2021.
  3. Intel received approximately $1.9 billion in net proceeds from the second closing.
  4. This divestiture marks Intel's complete exit from its NAND memory technology and manufacturing business.
  5. The NAND wafer manufacturing and sale agreement with SK hynix has been terminated upon the second closing.
  6. The filing is an 8-K Current Report detailing the completion of asset disposition.

03—Questions

Frequently Asked Questions

  1. What is the significance of this 8-K filing?

    This 8-K filing formally announces the completion of the second and final closing of Intel's sale of its NAND memory technology and manufacturing business to SK hynix. It provides details on the transaction's conclusion and the financial consideration received.

  2. How much money did Intel receive from this sale?

    Intel received approximately $1.9 billion in net proceeds from the second closing of the transaction, after accounting for certain adjustments.

  3. Does Intel still have any involvement with NAND memory technology?

    No, with the completion of the second closing, Intel has fully divested its NAND memory technology and manufacturing business. The related manufacturing and sale agreements have also been terminated.

  4. What was the timeline of this transaction?

    The transaction was initially announced in October 2020. The first closing, which involved the NAND solid-state drive business and the Dalian fabrication facility, occurred on December 29, 2021. The second and final closing, encompassing the NAND memory technology and manufacturing business, occurred on March 27, 2025.

04—Continue

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