On September 16, Intel rose 3.54% in pre-market trading, trading at $101.69/share. The stock was buoyed by reports of a potential landmark partnership with SK Hynix.

According to multiple sources, SK Hynix is in active discussions with Intel to manufacture memory chips in the US for the first time. Under one proposed arrangement, SK Hynix would lease part of Intel's long-planned chipmaking facility in Ohio. An alternative structure involves forming a joint venture among SK Hynix, Intel, and major cloud service providers seeking to secure memory chip supplies. SK Hynix confirmed it is reviewing various measures to strengthen its memory business competitiveness but stated no decisions have been finalized.

If a deal materializes, it would meaningfully alleviate Intel's investment return pressure on its Ohio fab while opening a new revenue stream for its foundry business in the memory chip segment. Separately, Intel CEO Lip-Bu Tan noted that CPU demand remains robust, with Intel currently able to fulfill only approximately 50% of customer orders, underscoring sustained supply tightness driven by growing AI inference workloads.

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