SEOUL—Intel Corp.’s $9 billion deal to sell most of its memory-chip business to a South Korean company accelerates the industry consolidation around a ubiquitous technology component. With the acquisition, SK Hynix Inc., based just outside Seoul, would control close to one-quarter of the NAND flash memory market and become the industry’s second-largest player, according to market-research firm TrendForce. NAND flash provides the gigabytes of storage used in smartphones, computers and other gadgets.

Source: Wall Street Journal October 20, 2020 13:12 UTC