Intel delivered its fastest growth in 15 years, with Q2 revenue up 25% and significant margin expansion in Data Center and AI. INTC has implemented three PC CPU price hikes in a year, prioritizing margin over volume, despite PC TAM guidance for 2026 being down double digits. Foundry remains heavily internal, with external revenue only 5% of segment total; material external customer commitments are not expected before 2028.
Micron stock was gaining after Intel CEO Lip-Bu Tan highlighted soaring memory prices.
Intel and AMD stocks jumped on Wednesday as investors responded to developments across the semiconductor industry, from a potential US memory manufacturing deal involving Intel to upbeat forecasts for long-term chip demand and a positive update on AMD's product ramps. Intel stock INTC rose about 4.5% after Reuters reported that South Korean memory-chip maker SK Hynix was in talks with Intel over a potential arrangement that could see it manufacture memory chips on US soil for the first time.
Investors are sending shares of a pair of semiconductor giants higher in the wake of a report they could soon strike a chipmaking deal in the U.S.
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Intel Corp (NASDAQ:INTC) stock is up 7.2% to trade at $104.13 this morning, after Reuters reported South Korean chipmaker SK Hynix (SKHY) was in exploratory talks with Intel to manufacture its memory chips in the U.S. Intel's Ohio facility would be leased, though no final decision has been made.
Even after Intel's (NASDAQ: INTC) massive run in 2026, one Wall Street analyst argues the stock remains undervalued.
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.
Stock futures are higher after two days of losses for major indexes as traders await the Federal Reserve's decision on interest rates; the Fed is widely expected to raise its benchmark interest rate for the first time in three years to tame inflation; the European Union could add Canada as an “associate member” amid the country's growing trade war with the Trump administration; shares of SK Hynix and Intel are climbing following a report that the companies could partner to build chips in the U.S.; and retail sales data is due this morning. Here's what you need to know today.
Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are trading higher early Wednesday after Reuters reported the chipmaker is in talks with a Korean memory partner about producing memory chips at Intel's Ohio campus.
Intel traces its origins to memory chips before it got out of that business due to poor economics. But with memory chips hot again, investors are hopeful that Intel can get back in on the action.
SK Hynix (SKHY) is reportedly exploring U.S. memory chip manufacturing, potentially via a partnership or leasing arrangement with Intel (INTC) in Ohio. Talks between SKHY and INTC remain exploratory, with potential opposition from Seoul and no decisions finalized on structure or location.