SK Hynix Is in Talks With Intel to Make Memory Chips in the U.S. Here's What It Could Mean for Intel Stock.
A memory tenant could be exactly what the chipmaker's delayed Ohio campus has been missing.
Overview
SK Hynix (NASDAQ:SKHY) is in talks with Intel (NASDAQ:INTC) about making memory chips in the U.S. for the first time, Reuters reported on Wednesday. One option would have the South Korean memory specialist lease part of Intel's chipmaking campus in Ohio. Another would create a joint venture with Intel and major cloud companies that want a steady supply of memory.
As of this writing, Intel's stock is up about 5% for the day, trading above $100.
Details
The enthusiasm is understandable. Intel's Ohio campus is enormous and years behind schedule -- and what it has been missing is enough demand.
Source
Originally published at www.fool.com.
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