Intel is trading 3.96% up now at $20.99 after reports that SK Hynix is exploring options to manufacture memory chips at Intel’s U.S. facilities.
- Discussions could include the Ohio site and involve a lease or joint venture with cloud companies, potentially strengthening Intel’s foundry outlook.
- SK Hynix said no agreement has been finalized.
- Broader semiconductor strength and a risk-on market are also supporting the move.