'Intel NAND Acquisition' SK Hynix Appoints Intel Vice President as CEO of New US Subsidiary

Robert Crook, Vice President of Intel (Photo by Robert Crook, LinkedIn)

[Asia Economy Reporter Jeong Hyunjin] SK Hynix, which is in the process of acquiring Intel's NAND flash business division, is expected to appoint the head of Intel's NAND business as the CEO of the newly established subsidiary in the United States.

According to industry sources on the 5th, Robert Crook, Vice President overseeing Intel's NAND business division, posted on his social network service (SNS) the day before, "Once regulatory reviews related to the acquisition of Intel's NAND business division are completed, we will establish a new company headquartered in the United States," adding, "I am honored to be appointed CEO of this company." SK Hynix plans to launch a subsidiary in the U.S. as soon as the acquisition process of Intel's NAND business division is finalized, and Crook publicly revealed that he has been designated as the CEO of this subsidiary.

The new subsidiary will be launched as an SK Hynix affiliate, but its company name has not yet been decided. To this end, SK Hynix established a subsidiary called 'NAND Product Solution' in the U.S. last March. Vice President Crook emphasized, "Our goal is to activate the enormous amount of data generated every day to advance the world," and added, "Combining amazing technology, talent, and operational scale, we will become the global leader in the NAND industry."

SK Hynix signed a contract last October to acquire Intel's NAND memory and SSD business division for about 10 trillion won and is currently proceeding with the acquisition process. The acquisition requires approval from eight countries, of which seven have already approved, with only China remaining. SK Hynix aims to obtain approval from the Chinese government within the second half of the year and complete the acquisition process within this year.

Currently, SK Hynix's NAND business ranks around 5th globally, and upon completion of the Intel NAND business acquisition, it is expected to rise to 2nd place.

This content was produced with the assistance of AI translation services.