On September 16, Intel rose 3.05% overnight, trading at $100.1/share, with turnover of approximately $51.19 million. The move was driven by reports that SK Hynix is in discussions with Intel to produce memory chips on US soil for the first time.

According to reports, one proposed arrangement involves SK Hynix leasing part of Intel's long-planned chip manufacturing facility in Ohio, while an alternative option would see SK Hynix, Intel, and a major cloud service provider form a joint venture. If finalized, the deal would help alleviate return-on-investment pressure on Intel's Ohio fab while opening a new collaboration channel for its foundry business in the memory chip segment.

Separately, Intel CEO Lip-Bu Tan stated that surging demand in the AI agent era means Intel can currently fulfill only about 50% of customer CPU orders. On the process technology front, the 18A node is in full mass production and the 14A node is set to enter production in Q1 of next year, with yield improving roughly 7% annually through open factory data initiatives.

The overnight rebound also follows a sharp over-7% selloff on September 14 triggered by target price cuts from Mizuho and UBS, providing a technical recovery backdrop for the latest advance.

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