Intel and SK Hynix are in early-stage discussions about a potential partnership to manufacture memory chips in the United States, marking what would be the first time SK Hynix produces memory chips domestically. The talks were reported on 16 September 2026 by Bloomberg Markets, Marketwatch TOP, and CNBC TOP. The discussions are described as representing a significant potential customer win for Intel's foundry business.
Intel's stock climbed on the day as reports of the discussions circulated, according to Marketwatch TOP and CNBC TOP. SK Hynix shares also rose in response to the reports, as noted by CNBC TOP.
Intel (INTC) is directly involved as the prospective foundry partner, with the potential arrangement representing a component of the company's broader foundry business development. SK Hynix, traded as SKHYX on US markets, is the counterparty in the discussions as the memory chip manufacturer that would utilise Intel's US manufacturing capacity.
Both Bloomberg Markets and CNBC TOP characterised the talks as early-stage, with no agreement confirmed as of the reporting date. CNBC TOP described the potential deal as a meaningful development for Intel's foundry ambitions in the context of US semiconductor manufacturing.
Sources: Bloomberg Markets, Marketwatch TOP, Cnbc TOP