Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
REPAY Stock Rises After Visa Platform Connect Collaboration 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Add as a preferred source on Google
SK hynix Inc. will acquire Intel Corp.'s NAND business in a deal worth 10.3 trillion won to boost its chances of becoming the world's second-largest NAND flash chipmaker.
The deal includes Intel's solid-state drive (SSD) business and its factory in Dalian, China but not the US semiconductor giant's Optane memory unit.
SK hynix will pay 8 trillion won by 2021 to first acquire its Chinese production facility and SSD unit.
The remaining 2.3 trillion won would be paid by March 2025 to acquire Intel's remaining assets, including intellectual property related to the manufacture and design of NAND flash wafers and research and development workforce.
According to SK hynix CEO Lee Seok-hee, the company 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."
If completed, the deal would be the largest acquisition by a South Korean company, far higher than Samsung Electronics Co.'s deal in 2016 to buy Harman International Industries Inc. for $8 billion.
The deal will propel SK hynix from being the fourth-largest NAND flash maker to the world's second-largest.
Sk hynix had an 11.7 percent revenue share in the second quarter, while sixth-ranked Intel had an 11.5 percent revenue share.
Most of SK hynix's revenue comes from the DRAM business, where it as the second-largest global supplier.
