SK Hynix says exploring options after report of Intel tie-up
Reuters said SK Hynix may form a venture with Intel and major cloud computing firms.
SK Hynix has announced that it is exploring various options to enhance its global competitiveness following a report suggesting a potential collaboration with Intel to manufacture semiconductors in the United States. The South Korean memory chip producer disclosed this information after Reuters published a report detailing the possibility of SK Hynix leasing part of Intel’s planned chipmaking facility in Ohio or establishing a joint venture with Intel and prominent cloud computing companies.
The company emphasized that it has not finalized any agreement with Intel and reiterated its stance on the matter. SK Hynix affirmed that it is actively looking into multiple avenues to strengthen its position in the global market, but it has not reached any definitive decisions regarding partnerships or semiconductor production in the United States at this stage.
Following the Reuters report, Intel's shares experienced a significant increase of over 3 per cent during pre-market trading on September 16, while SK Hynix's stock on the US market also witnessed a comparable rise. US Commerce Secretary Howard Lutnick has urged SK Hynix and other Asian chip manufacturers to expand their memory chip production in the US to address the ongoing global shortage of these components.
Intel did not comment on the Reuters report, yet it reaffirmed its commitment to the investments it has made in Ohio.
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