Tech stocks rose in pre-market trading on Tuesday, with the Nasdaq climbing 0.5%.
SK Hynix (SKHY) released a statement Wednesday saying that it is "exploring various options" following a Reuters report that the company is seeking to manufacture its memory chips in the US for the first time at Intel's (INTC) planned fabrication facility in Ohio.
A separate plan would see SK Hynix create a venture with Intel and cloud giants to build the chips.
Shares of both Intel and SK Hynix rose more than 3%.
OpenAI (OPAI.PVT), meanwhile, is reportedly planning another funding round that would value the AI startup at $1.2 trillion, according to The Wall Street Journal.
#wednesday #reuters
SK Hynix (SKHY) released a statement Wednesday saying that it is "exploring various options" following a Reuters report that the company is seeking to manufacture its memory chips in the US for the first time at Intel's (INTC) planned fabrication facility in Ohio.
A separate plan would see SK Hynix create a venture with Intel and cloud giants to build the chips.
Shares of both Intel and SK Hynix rose more than 3%.
OpenAI (OPAI.PVT), meanwhile, is reportedly planning another funding round that would value the AI startup at $1.2 trillion, according to The Wall Street Journal.
#wednesday #reuters
1 day ago
