Intel shares rise 4% on report of SK Hynix considering leasing its Ohio chip facility or forming a supply agreement
Intel's stock surged after a Reuters report indicated SK Hynix is in talks to manufacture memory chips on U.S. soil, potentially by leasing part of Intel's $28 billion Ohio chip manufacturing facility or through an agreement with Intel and cloud companies. SK Hynix confirmed it is reviewing various measures to strengthen its memory business, including establishing additional production bases, but stated that "no matters have been determined at this stage." South Korea's trade ministry noted that deals involving "national core technology" would be reviewed under the country's Industrial Technology Protection Act.
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