May 27, 2021 01:44 PM (GMT+8) · EqualOcean
Sk Hynix has set up a subsidiary ASCA Hynix Semiconductor in Dalian, China, to help complete the acquisition of Intel's NAND division, according to South Korean media. Sk Hynix owns all the shares of ASCA Hynix, and the subsidiary was set up to take over the assets of Intel NAND business including Dalian factory.