SK Hynix in Talks With Intel to Produce Memory Chips at U.S. Facility
South Korean memory chipmaker SK Hynix is reportedly in discussions with Intel about producing memory chips in the United States, potentially using part of Intel's Ohio campus or forming a joint venture involving major cloud companies. While no final decisions have been made and neither company has confirmed details, the talks reflect an effort to address demand for high-bandwidth memory used in AI applications. Intel’s Ohio project has faced repeated delays, with production now expected as late as 2031 due to a lack of immediate demand. The potential partnership could provide Intel with revenue from lease payments or joint venture income and possibly accelerate construction timelines if SK Hynix commits to the site. Meanwhile, SK Hynix is expanding its U.S. presence through a $4 billion plant in Indiana focused on packaging and testing rather than chip manufacturing. The news has led to a 5% rise in Intel's stock price as of early September 17, though analysts caution that significant uncertainty remains regarding the structure, timing, and financial commitments involved.
Topics: Intel memory chips semiconductors SK Hynix U.S. manufacturing