SK Hynix reportedly in talks with Intel to build memory chips in US

South Korean memory chip giant SK Hynix is in discussions with Intel to manufacture RAM chips in the U.S. for the first time, Reuters reported, citing anonymous sources.

The companies have reportedly discussed various options, one of which would have SK Hynix leasing space at Intel’s planned factory in Ohio to manufacture the chips. The chipmakers are also said to be considering a joint venture that could include cloud-service providers.

SK told TechCrunch on Wednesday that nothing has been finalized yet. “SK Hynix is exploring various options to strengthen its global competitiveness, but no specific plans or arrangements have been finalized at this time,” the Korean semiconductor company said in a statement. “No decisions have been made regarding the two scenarios mentioned in the article.”

The Korean chip giant, which has benefited massively from skyrocketing demand for high-bandwidth memory RAM chips used in data centers for AI applications, is already building a $3.8 billion advanced packaging and research facility for AI chips in West Lafayette, Indiana, with mass production expected to begin in 2029. The factory will use DRAM wafers made in South Korea and package them into HBM chips.