Intel sells its NAND chip business to South Korea’s SK Hynix for $9 billion

In a significant development, Intel Corp has agreed to sell its NAND memory chip business to South Korea’s SK Hynix Inc for $9 billion. The all-cash deal will propel the South Korean chipmaker to the second spot in global rankings. The development marks Intel’s efforts to divest its non-core businesse and move away from the volatile commodity…

Samsung Electronics Co Ltd releases world’s smallest DRAM chip

The South Korean giant plans on shifting over the bulk of its chip production to this new 10-nanometre class in 2018 that is widely expected to be adopted in high data crunching areas including cloud computing, high-end smartphones, and GPUs. On Wednesday, in a development that widens Samsung Electronics Co’s technical lead over its peers,…