Intel Shares Rise on Reports of Potential Joint Memory Production Deal with SK Hynix
Shares in Intel surged nearly 8% while SK Hynix climbed over 5%, following unconfirmed reports that the two companies are discussing a joint memory production deal at an idle chipmaking complex in Ohio. Micron also rose by more than 6%. The Roundhill Memory ETF gained 4%, indicating broader sector optimism around potential AI-driven demand for memory chips and concerns about supply constraints. According to Reuters, Intel and SK Hynix are considering two possible structures: a lease of part of the Ohio facility or forming a joint venture with major cloud firms. Neither company has confirmed any deal is in progress. While SK Hynix stated it's exploring options for global competitiveness without finalizing anything, Intel declined comment but reaffirmed its commitment to preparing the site. A key challenge remains South Korea’s national core technology review process, which could block memory production abroad regardless of private agreements between companies.
