SK Hynix in talks with Intel to make memory chips in US ‘for first time’
Republic of Korea’s SK Hynix is in talks with Intel about a deal that would see the company manufacture memory chips on US soil for the first time, three people familiar with the discussions said. Und...
SK Hynix is reportedly in discussions with Intel to potentially manufacture memory chips in the United States for the first time. The talks aim to alleviate pressure on Intel, which has been struggling financially, and could be a significant victory for the Trump administration, which has been pushing for increased domestic chip production to address a shortage fueled by growing demand in AI and data centers.
However, potential opposition from South Korea, the home country of SK Hynix, could pose a major obstacle. Intel shares rose 5.5% at the market open on Wednesday following the news, while SK Hynix's stock gained 4.1% in Seoul. The nature of the proposed deal remains unclear, with details about the specific chips that could be produced in Ohio still undisclosed.
This development could have implications for both companies and the broader semiconductor industry, but it remains to be seen how the talks will progress and whether an agreement will be reached.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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