Singapore approves SK hynix's acquisition of Intel's NAND biz

The Competition and Consumer Commission of Singapore has unconditionally approved SK hynix Inc.'s deal to acquire Intel Corp.'s NAND business for US$9 billion, including its solid-state drive business and a NAND flash chip plant in Dalian, China.

SK hynix signed the deal in October and had to obtain approval from antitrust regulators in major countries.

With the approval of Singapore's antitrust watchdog, South Korea's No. 2 chipmaker only needs China's go signal.

SK hynix had received the green light for the deal from the US, South Korea, the EU, the UK, Taiwan, and Brazil.