INTC · News · 20260916N

Intel Foundry Partnership

INTEL CORP · 2026-09-16 · Importance 20 · Surprise 24

Intel is reportedly discussing a potential partnership with South Korea’s SK Hynix to manufacture memory chips in the United States, potentially by leasing part of Intel’s delayed Ohio facility or forming a joint venture with Intel and cloud companies. SK Hynix said no specific plans or agreements have been finalized, and any transaction could face scrutiny from the South Korean government because of strategically sensitive memory technology. The discussions could improve utilization of Intel’s Ohio manufacturing footprint and support its foundry strategy; separate reporting cited approximately $28 billion of Intel investment in its manufacturing plants, while U.S. policy is encouraging Asian chipmakers to expand domestic production.

Key facts

• Intel has invested $28 billion in its manufacturing plants in hopes of building a large chip foundry business. source
• SK Hynix is reportedly in discussions with Intel regarding a potential deal to manufacture memory chips in the United States, a first for the South Korean company. source
• Two scenarios are being considered: leasing part of Intel's Ohio facility or forming a venture with Intel and cloud firms. source
• The potential deal faces potential opposition from the South Korean government due to the sensitive nature of advanced chip technologies. source
• Intel stock (NASDAQ: INTC) jumped 5.2% in premarket trading after Reuters reported that SK Hynix is discussing a deal that could bring memory-chip production to Intel's long-delayed Ohio manufacturing site. source
• Intel shares rose over 7% on the report that SK Hynix might lease Intel's Ohio facilities for memory chip manufacturing. source
• Intel Rises 4% on reports of talks to make memory chips at Intel's Ohio campus. source