SK Hynix and Intel Discuss US Memory Chip Manufacturing Partnership

SK Hynix is in discussions with Intel to potentially build memory chips in the United States, focusing on a $3.8 billion advanced packaging and research facility in Indiana, expected to begin mass production by 2029. This follows SK Hynix's July listing of American depository receipts on the Nasdaq and Chairman Chey Tae-won's expressed support for U.S. chip production. In 2020, Intel sold its NAND flash-memory business to SK Hynix for $9 billion, indicating a significant prior relationship between the companies. SK Hynix stated it is exploring options to enhance its global competitiveness, but no specific plans have been finalized. Any arrangement involving critical chip technology may trigger a government review, as noted by Reuters. This development comes amid broader discussions about potential tariffs on semiconductor imports mentioned by the White House in January.