Exclusive-SK Hynix in talks with Intel about deal to make memory chips in the US for the first time, sources say
Talks could let SK Hynix make memory chips in the United States for the first time and ease pressure on struggling Intel, sources said.
- SK Hynix is in talks with Intel to manufacture memory chips on U.S. soil for the first time, Reuters reported Wednesday, exploring scenarios including leasing Intel's Ohio facility or forming a venture with major cloud firms.
- Commerce Secretary Howard Lutnick threatened up to 100% tariffs on South Korean and Taiwanese companies unless they commit to increased production on American soil, intensifying Trump administration pressure on chipmakers.
- SK Group Chairman Chey Tae-won stated in July that the company faces "enormous pressure" to supply more chips, saying, "I think we need to build a factory in the United States. If possible, I believe we should build it."
- Seoul's trade ministry warned any deal involving "national core technology" faces review under the Industrial Technology Protection Act, as officials seek to use potential U.S. investment as leverage in ongoing trade talks.
- Intel's Ohio plant completion is delayed to 2030 and 2031, while both nations wrangle over a $350 billion investment commitment made last year, with $200 billion still undecided regarding shipbuilding or other potential expansions.
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SK Hynix in talks with Intel to make memory chips in the US
According to an exclusive Reuters report, based on information from three individuals involved in the talks, SK Hynix is negotiating a deal that would mark the first time the South Korean company manufactures memory chips in the United States. One possibility is for the company to lease part of Intel’s chip-making site in Ohio, and […] This story continues at The Next Web
The US has been threatening the South Korean chip manufacturer with punitive tariffs for a long time. To prevent this, SK Hynix insiders are considering producing in an Intel factory in Ohio.
Reuters SK Hynix leases Intel's plant in Ohio to discuss chip production. Reuters reported on the 16th that SK hynix is considering cooperating with Intel to produce memory semiconductors in the US. Reuters quoted multiple sources as saying that Intel is scheduled to complete construction from 2030 to 2031
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- 56% of the sources lean Right
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