Intel shares surged 4.85% premarket as reports of a potential U.S. memory chip manufacturing deal with SK Hynix boosted investor sentiment and lifted Nasdaq-100 futures.
Intel shares rose 4.85% premarket on a report of talks with SK Hynix to manufacture memory chips in the U.S.
SK Hynix is reported to be in talks with Intel for U.S. memory chip manufacturing, but no financial details or confirmed deal are provided.
Intel's premarket gain is leading Nasdaq-100 futures higher.
Intel stock climbed 4.85% in premarket trading to $101.85 following reports of potential collaboration with SK Hynix. The partnership aims to manufacture memory chips domestically, aligning with U.S. government initiatives to bolster local semiconductor production.
Intel shares are rising on reports that the company is in talks with SK Hynix to manufacture memory chips within the United States.
The deal would support U.S. government efforts to increase domestic semiconductor manufacturing capacity.