SK Hynix in early talks with Intel to make memory chips in the US

Intel INTC Manufacturing capacity and capex Intel Foundry

Reuters reported, citing three people familiar with the matter, that SK Hynix is in talks with Intel about producing memory chips on US soil for the first time. One option is leasing part of Intel's planned Ohio site, and another is a venture with Intel and large cloud companies. One source called the talks exploratory, Intel declined to comment, and Intel shares rose 5.2% in premarket trading.

Talks described as exploratory; no decision made
Option 1: SK Hynix leases part of Intel's Ohio site
Option 2: venture with Intel and major cloud firms
Intel shares up 5.2% in premarket trading

INTC around the story · hourly24 h reaction ▲ 9.26%

Moves this explains

INTC+6.67%Sep 16 · Intel rose 6.67% on the second day of reports that SK Hynix was in early talks to make memory chips at Intel's Ohio site, after a 4% gain on September 16; press coverage said the talks were exploratory. Micron +5.16% and AMD +4.92% also rose the same day while the S&P 500 gained 0.59%.

Source

Reuters (via BusinessDay)

Sep 16, 2026

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