On September 16, Intel rose 5.41% in regular trading, trading at approximately $102.17/share, with turnover of $10.64 billion. The stock was buoyed by reports that SK Hynix is exploring a deal with Intel to manufacture memory chips in the US for the first time.

According to reports citing three people familiar with the discussions, one option under consideration involves SK Hynix leasing part of Intel's long-planned chipmaking facility in Ohio, while an alternative would see the two companies form a joint venture with major cloud providers. If finalized, the deal would help ease Intel's return-on-investment pressure at its Ohio fab while opening a new memory chip collaboration avenue for its foundry business. SK Hynix responded that it is reviewing various measures to strengthen competitiveness but stated no plans have been confirmed at this stage. Intel's pre-market gains briefly narrowed to 2.8% following SK Hynix's cautious statement before recovering during regular hours.

Separately, Tigress Financial raised its Intel price target to $145 from $118, maintaining a Buy rating. Intel CEO also highlighted that memory shortages will worsen further and that CPU demand remains strong, with the company currently able to meet only about 50% of customer orders.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)