Why Intel Stock Jumped Today
Investors are excited about a potential partnership with a leading memory chip designer.
Overview
Shares of Intel (NASDAQ: INTC) rose on Wednesday, following a Reuters report that the semiconductor giant is in talks with South Korean tech leader SK Hynix (NASDAQ: SKHY) to produce memory chips in the U.S.
Image source: Intel.
A potential deal could provide a major boost to Intel's fledgling foundry efforts. The computer processor designer has been trying to win high-profile clients for its third-party manufacturing operations, which are a cornerstone of CEO Lip-Bu Tan's growth plan.
Details
Source
Originally published at www.fool.com.
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