As a reminder, under the terms of the deal agreed with Intel, SK hynix will acquire the US chipmaker's NAND memory business, which is based in San Jose, California. This is SK hynix's biggest-ever acquisition and "will present a paradigm shifting moment for SK Hynix's NAND flash business to enter the global top tier level," said Park Jung-ho, vice chairman and co-CEO of SK Hynix in a statement seen by Reuters.