BREAKING STORYBULLISH
SK Hynix in talks with Intel to make memory chips in the US
A deal would mark the first time SK Hynix produces memory chips on US soil, according to people familiar with the talks.
Executive takeaway
SK Hynix is discussing a potential arrangement with Intel to manufacture memory chips in the United States for the first time, Reuters reported, citing sources familiar with the matter.
SK Hynix, the world's second-largest memory chipmaker, is in talks with Intel about producing memory chips in the US, according to two separate Reuters reports citing people with knowledge of the discussions. If completed, it would be the first time the South Korean company has manufactured memory chips on American soil.
The talks fit into a broader push by Washington to bring more chip production onshore, and would give Intel a new source of revenue from its US fabrication capacity at a time when the company has been trying to fill idle plant space. Neither company has confirmed details of the arrangement publicly.
What remains unclear is the scale of any deal, which Intel facility might be involved, and the timeline for a final agreement. Both companies have so far declined to comment on the record.
What would change this view
Watch for an official joint statement or SEC filing from Intel or SK Hynix confirming or denying the talks, which neither company has done as of this report.
Wire sources cited
- Investing.com — All NewsSK Hynix in talks with Intel over US memory-chip production - ReutersExternal ↗
- Investing.com — All NewsExclusive-SK Hynix in talks with Intel about deal to make memory chips in the US for the first time, sources sayExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.