SK hynix in talks to buy Intel’s Ohio chip campus for U.S. memory - report

SK hynix is reportedly in talks to acquire Intel’s Ohio semiconductor campus, a move that could help the Korean chipmaker establish front-end memory production in the U.S. and support Washington’s push for a domestic semiconductor supply chain. The deal would also give Intel a way to monetize a costly asset as it restructures its foundry business after delays, yield issues, and multibillion-dollar losses. The report comes amid a broader rebound in chip stocks and a 8.4% jump in SK hynix shares, which outperformed the KOSPI. Intel has already delayed the Ohio project to 2030-2031 after scaling back ambitions from the original $100 billion plan. The potential transaction is strategically significant for both companies and could reinforce U.S.-based semiconductor investment if approved.