Intel Rallies on SK Hynix Rumor, but Ohio Memory Deal Faces Years of Delays and Export Restrictions
Intel shares jumped 4% after reports that SK Hynix is in early talks to produce memory chips at Intel’s Ohio complex. However, no deal is signed, the facility is years from opening, and South Korea’s export controls on high-bandwidth memory may limit the product mix. Intel’s Foundry unit still faces significant losses, making the long-term viability of this partnership uncertain.