Movement Alert|SK hynix Rises 4.54% in Regular Trading, Talks with Intel on US Memory Chip Production Boost Sentiment

Market Focus
Sep 17

On September 17, SK hynix rose 4.54% in regular trading, trading at approximately $184.63/share, with turnover of $4.82 billion. The rally was primarily driven by ongoing reports that the company is in discussions with Intel to manufacture memory chips on US soil for the first time, alongside a bullish outlook from Citi on memory capital expenditure.

According to multiple sources, SK hynix is negotiating a cooperation agreement with Intel that could involve leasing part of Intel's Ohio facilities or forming a joint venture with Intel and a major cloud computing company. SK hynix confirmed it is reviewing various options, including establishing additional production bases to enhance competitiveness, but stated that no specific plans have been finalized at this stage. The potential US-based production arrangement marks a significant strategic shift for the Korean memory giant, and has also lifted Intel shares, which rose over 5% in the same session.

Within the Semiconductors sector, the broader group showed strength. Among individual stocks, Marvell Technology rose 6.38%, Micron Technology rose 5.57%, Intel rose 5.43%, Advanced Micro Devices rose 3.63%, and NVIDIA rose 1.78%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10