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Intel and SK Hynix stocks surge on talks to build memory chips in Ohio, signaling strong AI-driven demand.

Market News
17 Sep 2026
24/7 Wall Street
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Bullish
Intel and SK Hynix stocks surge on talks to build memory chips in Ohio, signaling strong AI-driven demand.

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 and help SK Hynix secure U.S.-based manufacturing amid tariff concerns. Micron, the only major U.S.-based memory maker, also saw gains as the market bets on tight memory supply driven by AI demand. However, no deal has been confirmed, and regulatory reviews in South Korea could delay progress. Investors should watch for official statements and regulatory signals before adjusting positions.

Micron leads with a market cap of $1.05 trillion on Pluang as of Sep 17, 2026 22:03 WIB, followed by SK Hynix at $914.37 billion and Intel at $534.16 billion. Intel shares gained 9.38% in one day, outpacing SK Hynix's 3.94% rise and Micron's 5.69% increase on the platform. Volume was highest for Intel at 119,233,579 shares, reflecting strong investor activity amid the memory chip talks. Dividend yields vary, with Intel offering 2.24% and Micron just 0.06% as of the same time.

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