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no, not really, better to say Solidigm is a subsidiary of SK Hynix that Hynix is currently working to absorb inhouse. That deal does not fully close till 2025 and then I would expect solidigm to become Hynix fully.SK Hynix spun-off "Solidigm".
In the second phase of the transaction, SK hynix will acquire from Intel the remaining assets in relation to its NAND business, including IP related to the manufacture and design of NAND flash wafers, R&D employees for NAND flash wafers, the Dalian facility workforce, and the other associated tangible / intangible assets. Closing of the second phase is expected to occur in or after March 2025 with the remaining payment of US $2 billion, which will complete the entire deal.
I (inaccurately) used "spin-off" synonymously withno, not really, better to say Solidigm is a subsidiary of SK Hynix that Hynix is currently working to absorb inhouse. That deal does not fully close till 2025 and then I would expect solidigm to become Hynix fully.
Now, we're far-beyond my comprehension ofSolidigm became a standalone U.S. company under SK hynix in December 2021.
They are stand-alone in that they have their own fab, software, and driver support teams, Hynix bought the whole business from Intel, R&D, fabrication, and all the support staff). Intel Nand/Solidigm is not yet a brand name/shell company like say Crucial(Micron) or Lexar(Micron now Longsys Electronics Co., Ltd[China]). In this way they are an independent entity. I am thinking the stand alone bit is helpful for business continuity and tax reasons as they transition away from Intel to Hynix holdings. But I really don't know or understand that all that much myself.How can one be "Standalone" and "under"?