SK Hynix is in talks that could see the South Korean memory giant manufacture chips in the United States for the first time, potentially by leasing space at Intel’s long-planned Ohio facility or forming a venture with Intel and major cloud providers, market wraps reported Wednesday.

Intel shares surged more than 5% on the news, while SK Hynix rose more than 4% in Seoul. South Korean government approval remains a sensitive hurdle given export controls and the strategic nature of advanced DRAM and NAND technology.

The discussions fit Washington’s broader push to onshore semiconductor capacity after years of CHIPS Act incentives and after AI demand made high-bandwidth memory a geopolitical as well as commercial prize. Cloud hyperscalers hungry for capacity are natural commercial partners if a lease or JV structure can clear regulators.

Nothing is signed. Accounts agree talks are real and equity markets reacted; they diverge on whether Ohio leasing is viable versus a greenfield site and how Seoul will weigh technology-transfer risks. Officials and independent outlets continue updating confirmed details as they become available. Readers should treat casualty figures, market closes, and diplomatic claims as provisional until primary agencies publish final tallies. NewsHabit’s both-sides notes below flag where major accounts agree and where they still diverge on motive, legality, or next steps. Officials and independent outlets continue updating confirmed details as they become available. Readers should treat casualty figures, market closes, and diplomatic claims as provisional until primary agencies publish final tallies. NewsHabit’s both-sides notes below flag where major accounts agree and where they still diverge on motive, legality, or next steps.