Intel shares rose 4% after reports that SK Hynix is in early talks to produce memory chips at Intel's Ohio facility, marking a potential first for domestic U.S. memory chip manufacturing. However, no deal has been signed, and the plant's opening is not expected until the end of the decade, with product restrictions from South Korea possibly limiting output. The market reacted positively as the talks could validate Intel's costly foundry expansion by securing an external anchor customer, but the real benefits are years away and depend on finalizing an agreement. Investors should weigh the long timeline and uncertainties against Intel's current valuation and growth prospects.
As of Sep 17, 2026 23:21 WIB, Intel's stock on Pluang is trading at USD 110.93, up 9.78% for the day, reflecting strong market interest possibly linked to the SK Hynix rumor. SK Hynix shares also rose 4.32%, priced at USD 182.42, showing positive sentiment around the potential collaboration. Notably, Intel's market cap stands at $534.16 billion, highlighting its significant presence in the technology sector despite the long timeline for the rumored deal's benefits.
Intel and SK Hynix shares rose sharply after reports emerged that the two companies are in early talks to produce memory chips together at Intel's idle Ohio complex. This potential partnership could turn Intel's unused facility into a revenue source ...
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