SK Hynix explores options to enhance competitiveness, may partner with Intel

SK Hynix, the world’s second-largest memory chipmaker, is in discussions with Intel about potentially manufacturing memory chips on American soil for the first time. The talks reportedly include options ranging from leasing part of Intel’s semiconductor facility in Ohio to forming a joint venture with major cloud computing companies eager to lock in memory supplies. Both stocks liked the sound of it. Intel shares climbed 5.2% in pre-market trading, while SK Hynix gained 4% in Seoul following the report. What’s on the table The discussions center on Intel’s Ohio campus, a sprawling project originally announced with up to $100 billion in potential investment. SK Hynix could take over part of that facility through a lease arrangement, or the two companies could structure a joint venture that brings in cloud hyperscalers as partners with skin in the game. SK Hynix was quick to temper expectations. The company clarified that no definitive plans or agreements have been reached regarding cooperation with Intel or any production in the US. The potential deal wouldn’t come out of nowhere, though. SK Hynix acquired Intel’s NAND flash memory business for $9 billion back in 2020, so the two co...