On September 16, SK hynix rose 3.2% in pre-market trading, trading at approximately $180.31/share, with turnover of $2.8723 million.
On the news front, multiple sources revealed that SK hynix is in negotiations with Intel on a cooperation agreement that could mark its first-ever memory chip production on US soil. The specific proposal includes SK hynix potentially leasing part of Intel's facilities in Ohio, while an alternative plan involves establishing a joint venture among SK hynix, Intel, and a major cloud computing company. The deal underscores a broader industry trend toward onshoring semiconductor manufacturing capacity in the United States.
The news has already reverberated across global markets. During the Korean trading session, SK hynix surged over 4%, while Intel led the semiconductor sector with a 4.81% gain. Within the Semiconductors sector, Micron Technology rose 1.03%, NVIDIA rose 0.6%, Advanced Micro Devices rose 1.39%, Broadcom rose 0.55%, and Intel rose 4.81%, reflecting broadly positive sentiment across chipmakers.
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