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SK Hynix Says It Is Exploring Options After Reuters Report On Possible Intel Tie-Up

Nate Gregory
Published Sep 16, 2026
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Summary:
  • SK Hynix is a South Korean memory chipmaker and said it is considering different moves to improve its competitiveness worldwide.
  • Reuters reported SK Hynix might rent part of Intel's planned chip plant in Ohio and could form a partnership with Intel and large cloud-service companies.
  • SK Hynix said nothing has been finalized and released a statement saying, "We would like to clarify that nothing has been finalized regarding cooperation with any specific companies mentioned in the article or memory chip production in the United States."

What happened

Reuters published a report saying SK Hynix might rent space in Intel's planned Ohio plant and could partner with Intel and large cloud-service companies. SK Hynix issued a formal statement after the story and said, "SK Hynix is exploring various options to strengthen its global competitiveness, but no specific plans or arrangements have been finalized at this time."

Market reaction and other comments

Intel's share price jumped by as much as 6.4% after the report. SK Hynix's U.S.-listed shares rose by as much as 3.3%. Intel did not comment on the Reuters story, but the company said it remains committed to its investments in Ohio.

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What to watch next

U.S. Commerce Secretary Howard Lutnick urged SK Hynix and other Asian chip producers to increase memory-chip output in the United States to help deal with a worldwide shortage, and SK Hynix has said it has not decided on any transaction with Intel. For your portfolio, the situation is fluid and investors will likely be watching whether any concrete deals or plans are announced.

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