Intel and SK Hynix are exploring a potential partnership to manufacture memory chips in the United States, Reuters reported Wednesday, sending shares of both companies higher in premarket trading.
One proposal would have SK Hynix lease part of Intel’s Ohio semiconductor facility. Another option could involve a joint venture with Intel and major cloud companies, according to Reuters. The discussions remain preliminary and no agreement has been reached.
A deal could provide Intel with a major customer for its struggling foundry business while supporting US efforts to expand domestic semiconductor production.
However, Reuters reported that South Korean officials could oppose any transfer of sensitive memory technology to the US.
SK Hynix has already begun expanding American production. Last month, it broke ground on a $4 billion HBM facility in Indiana, which the company expects to become operational by 2030.
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Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing https://t.co/XqDBoFVo6W
— CNBC (@CNBC) September 16, 2026
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