SK Hynix reportedly in talks with Intel to build memory chips in US
SK Hynix is reportedly negotiating with Intel to manufacture memory chips in the US, possibly leasing space at Intel's Ohio fab.
Reuters reports SK Hynix and Intel have discussed SK Hynix producing RAM in the US for the first time, including leasing space at Intel's planned Ohio factory or forming a joint venture that could include cloud-service providers; SK Hynix says nothing is finalized. The company is already building a $3.8 billion AI chip packaging and research facility in West Lafayette, Indiana, with mass production expected to begin in 2029, amid surging HBM demand from AI data centers. The potential deal could face a South Korean government review over transfers of strategically important chip technology, and follows Intel's 2020 sale of its NAND flash business to SK Hynix for $9 billion.