Intel is trading 6.40% up at $108.77 after reports that SK Hynix is exploring U.S. memory-chip production with Intel, potentially using Intel’s Ohio facility.
- Discussions could involve leasing manufacturing capacity or forming a joint venture; no agreement has been finalized.
- Semiconductor optimism, a broader technology rebound, and stronger market sentiment are supporting the move.
- Strong early-session activity reflects the company-specific report as the clearest catalyst.