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Photo: TechCrunch

Intel Stock Jumps 5% on SK Hynix US Memory Fab Talks

Investing.com / Dow Jones Newswires2 min read5 sources

Why is Intel stock up today?

Intel (INTC) stock jumped 5% to about $101 on Wednesday after Reuters reported that SK Hynix is in early talks to manufacture memory chips in the US, possibly at Intel's Ohio fab.

Key numbers

Intel (INTC) stock peak move+5%to ~$101 intraday; pared to ~+4% at close per [5]
SK Hynix (000660.KS) KRX daily move+4.08%to ₩1,759,000 per share
Intel Ohio fab committed investment$28Brevised up from $20B original; up to $100B full-buildout potential
CHIPS Act award to Intel (Ohio allocation)$1.5Bpart of $7.865B total award finalized November 2024
SK Hynix global HBM market share (Q2 2026)50%down from 64% in Q2 2025 (per [3])
SK Hynix Q2 2026 quarterly revenue₩79.32T+257% vs. Q2 2025 (₩22.23T); record quarter

What happened

Intel (INTC) stock jumped 5% to about $101 on Wednesday after Reuters reported that SK Hynix is in early talks to manufacture memory chips in the US, possibly at Intel's Ohio fab. SK Hynix, the South Korean company that holds about half the global market for HBM — the advanced memory chips powering AI data centers — saw its own shares rise 4% in Seoul. The two sides are also exploring a joint venture that could involve major cloud providers, though SK Hynix told investors that nothing has been finalized. Any technology transfer would require South Korean government review under the Industrial Technology Protection Act, because both HBM and standard DRAM memory are classified as national core technologies whose export requires regulatory approval.

Why it matters

Intel stock has become a proxy for America's push to build a domestic chip supply chain, and this deal would be its most concrete test yet — it would mark the first time South Korean memory chip technology is produced on US soil. The US currently imports virtually all the HBM memory that powers AI chips from Asian factories. If completed, the deal would reduce that import dependence, potentially unlock more government subsidies, and give Intel new revenue from its partly-built Ohio campus — but only if South Korea's government first approves sharing its most sensitive semiconductor know-how.

Who this affects

Marketbullish
Medium impact
US semiconductor stocks rose broadly on fresh onshoring momentum.
Companybullish
Medium impact
Intel gains potential revenue by leasing Ohio fab early.
Competitorsmixed
Medium impact
Micron faces a new US-based HBM rival if deal closes.
Industrybullish
High impact
First-ever US memory chip output would diversify global semiconductor supply.

Intel vs SK Hynix, Samsung Electronics, Micron Technology

IntelINTC~$513B+5%+121.9%42.8x
SK Hynix000660.KS~$912B+4%+12%4.4x
Samsung Electronics005930.KS~$1.2T——4.2x
Micron TechnologyMU~$1.0T+0.9%+222.9%5.8x

As of 2026-09-16

How we got here

  1. Intel announces $20B Ohio fab in New Albany; up to $100B full buildout potential

  2. US CHIPS and Science Act signed into law, funding domestic chip production

  3. Intel finalizes $7.865B CHIPS Act award; $1.5B earmarked for Ohio campus

  4. SK Hynix begins HBM4 mass shipments for Nvidia's Vera Rubin AI accelerator

  5. Reuters reports SK Hynix–Intel early talks on first-ever US memory chip output

What to watch

  • South Korean government review under Industrial Technology Protection ActQ4 2026
  • SK Hynix board decision on Ohio fab lease or JV terms with cloud providersQ4 2026
  • Intel Ohio Mod 1 fab completion and first wafer-out target2030-2031

Educational content only. Not investment advice.

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