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Business deals

SK-Intel NAND deal points to wider shake-up of chip sector

Korean to pursue further acquisitions; US players outsource manufacturing

TOKYO -- The announcement on Oct. 20 that U.S. chipmaker Intel will sell its NAND flash memory business to South Korea's SK Hynix for $9 billion appears to be a move toward greater consolidation in the industry.

It may also be remembered as the first step in Intel's shift away from an integrated device manufacturing, or IDM, business model toward a fabless one.

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