TLDR
- SK Hynix stock surged 5.6% to ₩1,843,000 on Friday, with U.S.-listed SKHY rising over 4.6% in premarket trading
- SK Hynix’s U.S. subsidiary Solidigm is considering building a NAND flash memory factory in upstate New York
- Separate talks are ongoing with Intel about potential memory chip production at Intel’s Ohio facility
- SK Hynix holds a 50% HBM market share and is already building a $4 billion facility in Indiana
- TipRanks analysts rate SKHY a Strong Buy with an average price target of $249.70, implying 36.5% upside
SK Hynix stock jumped on Friday as two separate U.S. manufacturing stories landed at the same time, giving investors a lot to work with.
The South Korean memory giant surged 5.6% to ₩1,843,000 on the KOSPI, while its U.S.-listed SKHY rose more than 4.6% in premarket trading on September 18.
The first story: Solidigm, SK Hynix’s U.S. subsidiary, is weighing plans to build a NAND flash memory factory on U.S. soil. Upstate New York is emerging as a potential location, according to a Reuters report citing people familiar with the matter.
A U.S.-based factory would give Solidigm a second production source outside its existing Dalian, China facility. It would also reduce the company’s exposure to U.S. tariffs and potential restrictions on semiconductor equipment exports to China.
No final decision has been made. SK Hynix confirmed Solidigm is reviewing options to strengthen its competitive position, but said no specific plans have been confirmed. Higher U.S. manufacturing costs compared to South Korea remain a factor.
Intel Talks Add to the Story
Running alongside the Solidigm news, Reuters also reported that SK Hynix is in exploratory talks with Intel about manufacturing memory chips in the U.S. for the first time.
Two structures are reportedly on the table: SK Hynix leasing capacity at Intel’s planned Ohio semiconductor facility, or the two companies forming a joint venture with major cloud providers looking to lock in stable memory supplies.
SK Hynix told Investing.com it is actively considering plans to expand U.S. memory chip production, but that no final decision has been made on that front either.
These talks are separate from the Solidigm NAND factory discussions.
Market Position and Broader Context
SK Hynix already has a strong U.S. footprint in development. The company is building a $4 billion facility in Indiana focused on advanced HBM packaging and R&D, with volume production of next-generation HBM4E chips targeted for 2029.
In HBM, which powers AI accelerators, SK Hynix is the clear market leader with a 50% revenue share in Q2 2026. Samsung sits at 33%, with Micron in third at 18%.
In DRAM, Samsung leads with a 39.4% share, SK Hynix holds 24.9%, and Micron trails at 23.3%. The three companies together account for roughly 88% of global DRAM revenue.
In the NAND market, Samsung leads with a 29.3% share. SK Hynix Group, including Solidigm, ranks second at 18.2%, ahead of Micron at 15.1%.
The broader macro environment gave the move extra fuel. U.S. 10-year Treasury yields eased after briefly topping 5% earlier in the week, oil prices softened, and risk appetite improved across Asian markets. The KOSPI rose roughly 2% on the day, led by semiconductor buying, with foreign investors turning net buyers of Korean equities.
Peer Samsung Electronics also posted gains on the session.
On TipRanks, SKHY carries a Strong Buy consensus rating from 11 unanimous Buy ratings, with an average price target of $249.70.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
