Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intel Corporation    INTC

INTEL CORPORATION

(INTC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Intel : Nears Deal to Sell NAND Memory Unit to SK Hynix

10/19/2020 | 02:03pm EST

By Cara Lombardo and Dana Cimilluca

Intel Corp. is nearing a deal to sell a memory-chip unit to South Korea's SK Hynix Inc. for roughly $10 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that's become increasingly challenged.

The companies are discussing a deal that could be announced as soon as Monday, according to people familiar with the matter, assuming the talks don't fall apart at the last minute. Specifics of the transaction, including exactly what SK Hynix would be buying, couldn't be learned.

The unit makes NAND flash memory products primarily used in devices such as hard drives, thumb drives and cameras. Intel has been weighing getting out of the business for some time, driven by sagging prices for flash memory.

While Intel is best known for making the central processing units at the heart of personal computers, the company has deep roots in the memory business. It started as a memory manufacturer in the late 1960s before stiff competition from Japan's burgeoning electronics industry in the 1980s led it to change course.

--Asa Fitch contributed to this article.

(END) Dow Jones Newswires

10-19-20 1402ET

Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION 2.06% 47.01 Delayed Quote.-23.04%
SK HYNIX, INC. -1.40% 98600 End-of-day quote.4.78%
All news about INTEL CORPORATION
11/23BOB SWAN : Open Letter to President-elect Biden
PU
11/20Luminar to supply lidar sensors for Mobileye's self-driving fleet
RE
11/20INTEL : NUC Kit Lays a Solid Whitebook Laptop Foundation
AQ
11/18Nvidia Benefits from Sustained Pandemic-Era Remote Work, Videogaming Demand -..
DJ
11/18NVIDIA : shares dip on predicted decline in data center sales
RE
11/18Nvidia Benefits from Sustained Pandemic-Era Remote Work, Videogaming Demand -..
DJ
11/18Phoenix okays development deal with TSMC for $12 billion chip factory
RE
11/18Phoenix okays development deal with TSMC for $12 bln chip factory
RE
11/18Nvidia Benefits from Sustained Pandemic-Era Remote Work, Videogaming Demand
DJ
11/18INTEL : First Intel Structured ASIC for 5G, AI, Cloud and Edge Announced
AQ
More news
Financials (USD)
Sales 2020 75 333 M - -
Net income 2020 19 309 M - -
Net Debt 2020 21 979 M - -
P/E ratio 2020 10,3x
Yield 2020 2,82%
Capitalization 193 B 193 B -
EV / Sales 2020 2,85x
EV / Sales 2021 2,90x
Nbr of Employees 110 800
Free-Float 99,9%
Chart INTEL CORPORATION
Duration : Period :
Intel Corporation Technical Analysis Chart | INTC | US4581401001 | MarketScreener
Technical analysis trends INTEL CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 43
Average target price 54,11 $
Last Close Price 47,01 $
Spread / Highest target 113%
Spread / Average Target 15,1%
Spread / Lowest Target -23,4%
EPS Revisions
Managers
NameTitle
Robert Holmes Swan Chief Executive Officer & Director
Omar S. Ishrak Independent Chairman
Ann-Marie Holmes Vice President-Operations & Manufacturing
George S. Davis Chief Financial Officer & Executive Vice President
Daniel J. McKeon Vice President-Information Technology Group
Sector and Competitors
1st jan.Capitalization (M$)
INTEL CORPORATION-23.04%192 647
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED48.64%447 326
NVIDIA CORPORATION120.28%320 834
QUALCOMM INCORPORATED63.01%165 047
BROADCOM INC.24.12%158 658
TEXAS INSTRUMENTS24.21%146 274