Intel and SK Hynix Stocks Climb on Report of Potential US Chipmaking Partnership

Intel and SK Hynix shares climbed after a Reuters report said SK Hynix is considering a U.S.-based chipmaking partnership with Intel, potentially for the first time to produce its memory chips in the United States. Shares of Intel rose about 5.5% and SK Hynix about 3% in recent trading. Reuters reported SK Hynix has discussed leasing manufacturing space at a large Intel facility under construction in Ohio; another possibility would be a joint venture involving Intel and some cloud customers that are buying SK Hynix memory quickly. No agreement is finalized, and producing advanced SK Hynix memory chips in the U.S. could face opposition from South Korea’s government. Intel said it is committed to Ohio and continues investments for site readiness; SK Hynix did not comment.