SK Hynix Denies Intel U.S. Memory Chip Deal as Both Stocks Still Rise 2.5%
Updated
Updated · CNBC · Sep 16
SK Hynix Denies Intel U.S. Memory Chip Deal as Both Stocks Still Rise 2.5%
3 articles · Updated · CNBC · Sep 16
Summary
SK Hynix said no decisions have been made on any partnership with Intel, pushing back after a Reuters report said the companies were in talks to make memory chips in the U.S.
More than 2.5% gains in both stocks showed investors still treated the discussions as potentially meaningful, even with SK Hynix framing any deal as undecided.
The earlier report said the talks were exploratory and could involve Intel's Ohio facility, marking a possible first for SK Hynix manufacturing memory chips in the United States.
Any eventual agreement would matter beyond the two companies, potentially boosting Intel's foundry push and broader U.S. semiconductor manufacturing goals.