SK hynix is negotiating with Intel to manufacture memory chips in the United States for the first time. One proposal involves SK hynix leasing space at Intel's upcoming Ohio facility. A second option considers a joint venture between both firms and major cloud providers seeking stable chip supplies.
Discussions remain exploratory with no final decisions reached. SK hynix stated it is reviewing business strengthening measures but confirmed nothing is determined at this stage.
Intel shares rose over 5% in premarket trading following the reports. SK hynix's Nasdaq-listed shares increased by 3.5%.