EU antitrust regulators to decide on $9 billion SK Hynix, Intel deal by May 20

BRUSSELS: EU antitrust enforcers will decide by May 20 whether to clear South Korean chipmaker SK Hynix Inc’s $9 billion buy of Intel Corp’s NAND memory chip business, according to a European Commission filing.

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.