Intel shares rise nearly 5% amid reports of talks with SK Hynix on U.S. memory chip manufacturing
Intel's stock rose almost 5% after Reuters reported that the company is in exploratory discussions with South Korean memory supplier SK Hynix about producing memory chips in the United States. The report suggested potential scenarios, including SK Hynix leasing part of Intel’s Ohio facility or forming a joint venture involving major cloud companies. SK Hynix's shares also rose 2.6% following the news. A partnership could help Intel attract manufacturing customers and align with CEO Lip-Bu Tan's strategy to expand its customer base. Meanwhile, SK Hynix is already investing $4 billion in an Indiana facility expected to become a key production site for high-bandwidth memory by 2030. The talks come amid rising demand driven by the AI data center boom and resulting shortages of advanced memory chips. However, any deal could face opposition from South Korean authorities due to concerns over sensitive technology transfer.
Topics: AI Demand Intel Memory Chips SK Hynix U.S. Semiconductor Policy