SK Hynix in talks with Intel about deal to make memory chips in US for the first time

SEOUL/WASHINGTON: South Korea’s SK Hynix is in talks with Intel about a deal that would see it manufacture memory chips on U.S. soil for the first time, three people familiar with the discussions said.

Under one potential scenario, SK Hynix would lease part of Intel’s long-planned chipmaking facility in Ohio, they said. Under another scenario, it could form a venture with Intel and major cloud firms that are keen to lock in memory chip supplies, two of the people said.