A potential agreement between South Korean chipmaker SK Hynix and Intel would mark the South Korean firm's debut in United States chip manufacturing. The two companies are discussing options that include leasing Intel's facility in Ohio or forming a joint venture to produce memory chips, although no final agreement has been reached.

Opposition from government officials in Seoul is a primary obstacle to the partnership, according to Reuters. Utilizing existing Ohio infrastructure would allow SK Hynix to reduce upfront capital expenditures and shorten production timelines while giving Intel a path to increase utilization of its delayed assets.