Intel, SK Hynix Shares Rise on Report of US Memory Chip Talks
Shares of both companies climbed after a report said the chipmakers are discussing potential US-based memory chip manufacturing, a move that could bolster Intel's foundry ambitions.
Shares of Intel and SK Hynix rose after a report indicated the two semiconductor companies are in discussions about manufacturing memory chips in the United States, according to CNBC.
The report said such a deal could represent a significant opportunity for Intel, which has been seeking to attract high-profile customers for its manufacturing, or foundry, business.
Details of the discussions, including their scope, timeline, or whether an agreement has been reached, were not disclosed in the report.
Intel's foundry division has been a key focus for the company as it works to compete with rivals in contract chip manufacturing. Securing a partnership with SK Hynix, a major global memory chip producer, would mark a notable step in that effort, the report noted.
Neither Intel nor SK Hynix has publicly confirmed the details of the talks. CNBC's report did not specify additional terms of any potential arrangement.
Sources
- Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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