Intel Sells Power Management Chip Business to MediaTek: Report

- Advertisement -

Recently, Intel’s NAND memory business was acquired by SK Hynix in a $9 billion deal

Taiwan-based chip manufacturer MediaTek has acquired Intel’s power management chip business, Enpirion. The deal, estimated to be worth $85 million, was done through Mediatek’s subsidiary compan Richtek. It will soon be presented to regulators for approval.

Famous for chips used in smartphones, Mediatek might be eyeing an expansion to its integrated power solutions used in FPGA, CPU, SoC, and ASIC. The news was first publihed b GizmoChina. Mediatek, as per several media reports, has received orders from Google to integrate the Enpirion product line from Intel.

- Advertisement -

SK hynix and Intel had recently announced that they had signed an agreement under which SK hynix would acquire Intel’s NAND memory and storage business for US $9 billion. The transaction includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel Optane business.

“I am pleased to see SK hynix and Intel’s NAND division, which have led the NAND flash technology innovation, work to build the new future together,” said Seok-Hee Lee, chief executive officer (CEO) of SK hynix.

Lee added, “By taking each other’s strengths and technologies, SK hynix will proactively respond to various needs from customers and optimize our business structure, expanding our innovative portfolio in the NAND flash market segment, which will be comparable with what we achieved in DRAM.”

As per the agreement, Intel will continue to manufacture NAND wafers at the Dalian Memory Manufacturing Facility and retain all IP related to the manufacture and design of NAND flash wafers until the final closing. SK hynix and Intel will endeavor to obtain required governmental approvals, expected in late 2021.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Breathing Through “First-Time Silicon Success”

0
No one is born a leader, but the choices we make in life propel us to become a leader. For Chitra Hariharan, an innocent...

Worldwide Chip Sales Increased By 1.1% In April, Marking First 2024 Growth

0
A new forecast predicts robust annual growth, and the semiconductor market shows strong momentum, especially in the Americas and China. The Semiconductor Industry Association (SIA)...

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...

Buzz

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Important Sectors

Gruner Bags 11 CBG Plants Order From Reliance

0
The Noida-based CBG plant manufacturer is set to build a large facility in Gujarat in association with Reliance Industries, expects a vast turnover with...

Tesla Sues Former Supplier For EV Battery Secrets Theft

0
According to the lawsuit, Matthews, located in Pittsburgh, started providing manufacturing equipment to Tesla in 2019. Tesla disclosed to Matthews proprietary information about dry-electrode...

Ola Electric Launches 4680 Battery Cells Production

0
Ola Electric launches its in-house designed 4680 battery cells, testing them in two-wheelers, and prepares to produce 10,000 cells daily in Tamil Nadu by...

Sundram Fasteners Wins ₹4,000 Crore In EV Orders, Eyes Expansion

0
Plans to increase the revenue share from non-automotive segments in the upcoming years. Sundram Fasteners Ltd, a prominent manufacturer of auto parts, is seeing substantial...

MHI Proposes ₹12,600-30,000 Crore For EV Adoption

0
MHI has put forth a significant proposal ranging from ₹12,600 to 30,000 crore under the FAME-III scheme, to accelerate the adoption of Electric Vehicles...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...