On September 17, SK hynix rose 3.05% in pre-market trading, trading at 180.19 USD/share, with turnover of approximately $54.36 million.

On the news front, multiple sources revealed that SK hynix is in discussions with Intel on a cooperation agreement that could mark the first time the company produces memory chips on US soil. Specific proposals include leasing part of Intel's Ohio facilities or forming a joint venture with Intel and a major cloud computing company. SK hynix responded that it is reviewing various options including establishing additional production bases to strengthen competitiveness, but emphasized that nothing has been finalized at this stage.

Adding to the positive sentiment, Citi issued a bullish outlook on memory capital expenditure, projecting that global memory capex will surge 46.5% year-over-year to $80.4 billion in 2027. Citi noted that while demand is accelerating rapidly, supply remains constrained by HBM capacity allocation and slower technology migration, making it difficult for even massive investment to close the supply-demand gap. The broader semiconductor sector traded higher, with Intel up 3.12%, AMD up 3.20%, and Micron Technology up 2.18%.

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