SK Hynix Discusses Leasing Intel's Ohio Plant for Memory Chip Production

SK Hynix is reportedly discussing potential deals with Intel for memory chip production in the U.S., as AI and data center investments drive continued memory chip shortages. Reuters cited multiple sources on Thursday, stating that SK Hynix is considering leasing part of Intel's Ohio plant and establishing a joint venture involving Intel and key cloud companies. The negotiations are in early stages, with no final decisions made on the type of memory chips or transaction structure. SK Hynix confirmed it is reviewing various options to strengthen its memory business competitiveness, including new production facilities, but has not finalized any plans. Intel continues construction of its Ohio plant, targeting completion of the first facility by 2030 and operation in 2030-2031, with a second facility planned for completion in 2031 and operation in 2032.