SK Hynix says no plans finalized on reported Intel talks for US memory chip production; exploring options to boost competitiveness

SK Hynix said no plans have been confirmed regarding reported talks with Intel about manufacturing memory chips on US soil, saying it is exploring various options to strengthen its global competitiveness but that "no specific plans or arrangements have been finalized." Reuters had reported the two were in talks, possibly involving SK Hynix leasing capacity at Intel's planned Ohio fab or forming a joint venture, with any advanced HBM or DRAM production potentially facing South Korean government review as sensitive "national core technology." Intel shares had risen about 5% premarket and SK Hynix shares in Korea about 4% on the earlier report.

Detected & updated continuously · Source: Nebula