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Technology

SK Hynix plans to double NAND shipments, sees chip shortage easing

South Korean manufacturer posts record revenue in 2021 on memory demand

SK Hynix recorded record high revenue in 2021. (Photo by Ken Kobayashi)

SEOUL -- SK Hynix said on Friday it plans to approximately double shipments of NAND flash memory chips this year, a move that would vault it to No. 2 position in the sector globally after it completed the first stage of acquiring U.S. company Intel's NAND business.

The South Korean chipmaker expects the $9 billion deal will help it absorb Intel's computing architecture skills in solid state drive, or SSD, a key part in the NAND business. Hynix completed its purchase of Intel's SSD division and its fabrication facility in Dalian, China in December, renaming it Solidigm.

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