Intel shares climbed 9% on Thursday as reports of potential memory-chip manufacturing at its Ohio site continued to draw investor attention. The discussions involve SK Hynix, which is considering ways to produce memory chips in the United States, with one possibility involving part of Intel's planned Ohio manufacturing complex and another a broader venture with Intel and cloud companies. For Intel, such an arrangement could provide another potential use for capacity at the Ohio project, which has faced delays, and Reuters reported the company has been under financial pressure as it works to expand its manufacturing operations. Intel has not confirmed any agreement and declined to comment on speculation, while saying it remains committed to preparing the Ohio site, and SK Hynix also said no specific arrangement had been finalized. Intel shares gained 4% on Wednesday following the initial report and were trading higher again Thursday, as the talks come amid rising memory-chip demand alongside investment in artificial intelligence and data centers.
Intel CorporationReported talks with SK Hynix could provide another use for capacity at Intel's delayed Ohio manufacturing complex.
SK Hynix IncSK Hynix is considering producing memory chips in the US, potentially via Intel's Ohio site or a broader venture, amid rising memory-chip demand.
