{"id":112200,"date":"2021-04-15T16:36:22","date_gmt":"2021-04-15T16:36:22","guid":{"rendered":"https:\/\/fin2me.com\/?p=112200"},"modified":"2021-04-15T16:36:22","modified_gmt":"2021-04-15T16:36:22","slug":"eu-antitrust-regulators-to-decide-on-9-billion-sk-hynix-intel-deal-by-may-20","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/eu-antitrust-regulators-to-decide-on-9-billion-sk-hynix-intel-deal-by-may-20\/","title":{"rendered":"EU antitrust regulators to decide on $9 billion SK Hynix, Intel deal by May 20"},"content":{"rendered":"<figcaption>FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS\/Kim Hong-Ji\/File Photo<\/figcaption><p>BRUSSELS (Reuters) &#8211; EU antitrust enforcers will decide by May 20 whether to clear South Korean chipmaker SK Hynix Inc\u2019s $9 billion buy of Intel Corp\u2019s NAND memory chip business, according to a European Commission filing.<\/p>\n<p>The U.S. chip giant announced the sale last October, part of a move to divest non-core businesses to focus on its smaller but more lucrative Optane memory business which uses more advanced technology.<\/p>\n<p>The deal is SK Hynix\u2019s biggest acquisition, which will help it close the gap with market leader Samsung Electronics Co Ltd. NAND chips are used to store data in smartphones and data centre servers.<\/p>\n<p>SK Hynix sought EU antitrust approval on April 13. The EU competition enforcer can clear the deal with or without concessions, or it can open a four-month long investigation if it has serious concerns.<\/p>\n<p>The U.S. Committee on Foreign Investment last month cleared the deal, while the U.S. Federal Trade Commission gave the green light last year.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-intel-m-a-sk-hynix-eu\/eu-antitrust-regulators-to-decide-on-9-billion-sk-hynix-intel-deal-by-may-20-idUSKBN2C228Z\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS\/Kim Hong-Ji\/File PhotoBRUSSELS (Reuters) &#8211; EU [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":112199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EU antitrust regulators to decide on $9 billion SK Hynix, Intel deal by May 20 - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/eu-antitrust-regulators-to-decide-on-9-billion-sk-hynix-intel-deal-by-may-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU antitrust regulators to decide on $9 billion SK Hynix, Intel deal by May 20 - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. 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