Story
SK Hynix Shares Surge on Report of U.S. Production Talks with Intel
Shares of South Korean memory chipmaker SK Hynix Inc. surged on Friday, buoyed by a report that the company is in early discussions with Intel Corp. for its first-ever U.S.-based chip production. The stock (000660.KS) closed up 5.6% at ₩1,843,000, rebounding sharply from recent losses amid a broader tech rally.
U.S. Production Talks
The rally followed a Reuters report detailing preliminary negotiations between the two semiconductor giants. According to the report, two potential collaboration models are under consideration:
- SK Hynix leasing production capacity at Intel's planned semiconductor factory in Ohio.
- A joint venture involving SK Hynix, Intel, and major cloud service providers to secure a stable supply of memory chips.
SK Hynix confirmed to Investing.com that it is actively evaluating options to expand its memory chip capacity but stated that no final decision has been made at this time.
Strategic Importance for AI Market
AdInvestors reacted positively to the news, which addresses the surging global demand for High-Bandwidth Memory (HBM), a critical component for powering artificial intelligence data centers. SK Hynix is the world's leading supplier of HBM chips, which are essential for training and running advanced AI models.
A potential U.S. production base would not only help meet this demand but also align with Washington's strategic push to onshore more semiconductor manufacturing amid a global, AI-driven chip shortage.
Broader Market Tailwinds
The gains were amplified by a widespread rally in Asian technology stocks, which took cues from an overnight advance on Wall Street. Market sentiment improved as U.S. 10-year Treasury yields pulled back from recent highs above 5% and oil prices softened.
South Korea's benchmark KOSPI index (KS11) rose approximately 2%, led by the semiconductor sector. The positive momentum was also reflected in gains for competitor Samsung Electronics Co Ltd (005930.KS), indicating broad strength across the industry.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.