SK Hynix is reportedly in talks with Intel to build a memory chip plant in the US; SK Hynix denies any plans have been finalized.
SK Hynix, a South Korean memory chip giant, is in talks with Intel to produce RAM chips in the United States for the first time, Reuters reported, citing anonymous sources. Options under discussion include SK Hynix leasing space at Intel's Ohio factory or forming a joint venture that could include cloud service providers. SK Hynix responded to TechCrunch on Wednesday, stating that the company is exploring various options to strengthen its global competitiveness, but no specific plans or arrangements have been finalized, nor have decisions been made regarding the two scenarios mentioned in the report. SK Hynix is already building a $3.8 billion advanced packaging and research facility for AI chips in Indiana, expected to begin production in 2029.
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