SK HYNIX IS IN TALKS WITH INTEL TO MAKE ITS FIRST US MEMORY CHIPS

Summary from the TLDR Hardware newsletter

SK Hynix is in exploratory talks with Intel over a deal that would have it manufacture memory chips in the US for the first time, with one scenario having it lease part of Intel's long-delayed Ohio campus and another forming a joint venture with Intel and major cloud providers to lock in steady memory supply. Intel's Ohio site, announced back in 2022 at up to $100 billion, has slipped to a 2030-2031 start, so landing SK Hynix as a tenant would give Intel's foundry business exactly the marquee customer it's been chasing, while giving SK Hynix a way to actually produce chips domestically rather than just package them, as it's already doing at its $4 billion Indiana facility under construction.