Intel agreed to sell its memory unit to SK Hynix — which makes flash memory components in South Korea — for 10.3 trillion won (about $9 billion). The sale, which includes Intel’s solid-state drive, NAND flash and wafer business and a production facility in the Chinese city of Dalian, will occur in stages through 2025. The deal is expected to improve Hynix’s position in the chip industry, which has boomed after COVID-19, and rids it of one competitor. SK Hynix’s primary rivals are Samsung Electronics and Micron Technology. Continue reading Intel Sells NAND Memory Business to SK Hynix for $9 Billion

Ampere introduced the industry’s first-ever 80-core ARM-based 64-bit server processor — the Ampere Altra processor — for use in cloud and edge computing data centers. The move puts the company in direct competition with Intel and Advanced Micro Devices. Intel currently has 95.5 percent of the server chip market, with AMD taking the rest. The Ampere Altra, which runs on 210 watts, is aimed at artificial intelligence, cloud-native applications, data analytics, database, edge computing, storage, telco stacks and web hosting. Continue reading Ampere Debuts High-Performance 80-Core ARM-Based Chip

Some of the world’s biggest technology companies — namely, Amazon, Microsoft and Google — are investing in massive data centers, dubbed hyperscale computing, to better provide services in the cloud. In that vein, Amazon just announced that it will open an immense network of data centers in Stockholm next year. According to company filings, the three companies spent $31.54 billion in 2016 alone in capital expenditures and leases, in major part linked to improving cloud offerings, which increased 22 percent from 2015. Continue reading Tech Companies Plan to Open Major Data Centers Worldwide