Intel Sells Power Management Chip Business to MediaTek: Report

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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.

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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.

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