SK hynix (SKHY.US) responds to rumors of joint chip manufacturing with Intel in the US: No final decision has been made yet
SK Hynix (SKHY.US) has denied rumors that it is in discussions with Intel (INTC.US) regarding the production of memory chips in the United States for the first time.
According to TechWeb Finance APP, on Wednesday, SK Hynix (SKHY.US) responded to rumors about manufacturing chips with Intel (INTC.US) in the US, stating that "nothing has been finalized yet." SK Hynix did not deny that discussions had taken place, but indicated that it is still evaluating various options to expand its production scale.
Previously, there were reports that SK Hynix was negotiating a deal with Intel, which, if successful, would mark the first time it manufactures memory chips in the US. One potential scenario is that SK Hynix would lease part of Intel's long-planned wafer fab facilities in Ohio; another option involves forming a joint venture with Intel and major cloud service providers eager to secure memory chip supplies.
In a statement, SK Hynix said the company is "reviewing various measures, including establishing additional production bases, to enhance the competitiveness of its memory business," but added, "no decision has been made at this stage."
SK Hynix also stated: "We would like to clarify that nothing has been finalized regarding any specific cooperative agreements mentioned in reports or the production of memory chips in the United States."
It is reported that Intel declined to comment on what it called "speculation," but added that the company continues to move forward with its investment in Ohio to prepare for the opening of the facility.
As of press time, pre-market on Wednesday in the US, Intel shares were up 2.8%, and SK Hynix was up 3.3%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.
On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.
Updated: CoreWeave Raises Revenue Forecasts, AI Demand Unfazed by Growing Doubts
TransUnion EVP Venkat Achanta reports sale of $2.36 million in common shares
Crypto prices
More
