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Illustration: Lazaro Gamio/Axios

Intel agreed to sell its NAND memory chip unit, including a China production factory, to South Korea's SK Hynix for $9 billion in cash.

Why it matters: This would make SK Hynix the world's second-largest NAND chipmaker, behind only Samsung. It also gets Intel mostly out of the memory chip market, which is where it got its start.

  • Financials: The business generated around $2.8 billion in revenue for the first half of 2020, whereas Intel's entire memory chip revenue was around $3 billion.

The bottom line: "The move marks the latest effort by the U.S. chip giant to divest its non-core businesses, move away from the volatile commodity NAND chip industry and focus on its remaining Optane memory business, which is smaller but more lucrative because it taps more advanced technology." per Reuters.

Go deeper

57 mins ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: Aïda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals. 

Caitlin Owens, author of Vitals
2 hours ago - Health

Nursing homes are still getting pummeled by the pandemic

Data: AHCA/NCAL, The COVID Tracking Project; Chart: Naema Ahmed/Axios

The U.S. has gotten no better at keeping the coronavirus out of nursing homes.

Why it matters: The number of nursing home cases has consistently tracked closely with the number of cases in the broader community — and that's very bad news as overall cases continue to skyrocket.

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