Intel and SK Hynix shares rose on reports of a potential U.S. manufacturing partnership, as both companies seek to expand production capacity to meet high demand for memory chips.
Intel shares rose after reports that SK Hynix may lease space in its Ohio facility, supporting Intel's US manufacturing expansion goals.
SK Hynix shares climbed on a potential US chipmaking partnership with Intel, which would help boost memory chip production to meet soaring demand.
Intel and SK Hynix shares climbed Wednesday following reports of a potential partnership to produce memory chips at Intel's Ohio facility. The deal, which could involve leasing manufacturing space or forming a joint venture, aims to address surging global demand for memory components while bolstering Intel's U.S. manufacturing footprint.
The companies are reportedly discussing a deal where SK Hynix would lease manufacturing space at Intel's Ohio facility or potentially form a joint venture to produce memory chips in the United States.