Intel shares rose 3–5% in premarket trading on September 16 following reports of potential collaboration with SK Hynix. The companies are discussing the possibility of manufacturing memory chips at Intel’s facility in Ohio, which is currently underutilized.
The partnership could involve SK Hynix leasing space at the Ohio complex or forming strategic alliances with cloud providers. This move aligns with US government efforts to reshore semiconductor production through the CHIPS Act, which provides billions in subsidies.
Intel reported Q2 2026 revenue of $16,1 billion, a 25% year-over-year increase. The Data Center and AI segment contributed $6,3 billion, marking a 59% growth. The company has raised its 2026 capital expenditure guidance to $20 billion.
Memory prices have increased 5–7 times due to AI-related shortages. Intel currently meets only 50% of demand for its CPUs. While total investment in the Ohio site is estimated at $100 billion, production is not expected to begin until 2030–2031.
