On September 16, SK hynix rose 3.3% in regular trading, trading at $179.705/share, with turnover of $367 million. The stock gained momentum throughout the session after reports emerged that the company is negotiating a landmark cooperation deal with Intel.

According to multiple sources, SK hynix is in discussions with Intel over a partnership that could see the South Korean memory giant produce memory chips on US soil for the first time. The proposed arrangement includes SK hynix potentially leasing part of Intel's facilities in Ohio, with an alternative plan involving the formation of a joint venture between SK hynix, Intel, and a major cloud computing company. Intel shares surged over 6% on the same session, reinforcing the positive sentiment across the semiconductor sector.

SK hynix responded that it is reviewing various measures, including establishing additional production bases to enhance the competitiveness of its memory business, but emphasized that nothing has been finalized at this stage. The company did not deny that discussions had taken place. Earlier in the session, SK hynix had already rallied over 4% on the Korean exchange before US trading began.

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