Intel Stock Rises Amid Reports of SK Hynix Exploring U.S. Memory-Chip Collaboration
Intel's stock rose nearly 5.6% on September 16, 2026, following reports that South Korean memory chipmaker SK Hynix is in exploratory talks with Intel about producing memory chips at the company’s planned Ohio manufacturing complex. The discussions could involve either a lease arrangement or a joint venture involving cloud companies seeking to secure future supply chains for AI and data center applications. Intel has been working to expand its foundry business beyond internal use, but it continues to face challenges with low external demand and high operating losses in the Intel Foundry segment. The Ohio project had seen delayed construction as Intel sought better alignment with market needs. A partnership with SK Hynix could provide a new revenue stream for part of this underutilized facility. Bank of America analysts highlighted growing concerns around memory constraints for AI infrastructure, predicting tighter bandwidth and capacity issues by 2027. This context adds urgency to securing long-term supply agreements like the one potentially being discussed between Intel and SK Hynix.
Topics: Intel manufacturing partnership memory chips SK Hynix