U.S.-listed shares of SK Hynix climbed significantly in Thursday pre-market trading.
Alphabet increased its 2026 capital expenditure forecast to expand data centers and AI infrastructure. This move signaled sustained demand for the advanced memory chips produced by SK Hynix.
Reports indicate Intel is seeking an operating partner for its $28 billion semiconductor campus in Ohio. SK Hynix emerged as a potential candidate for this collaboration.
Discussions remain in the early stages and focus on operations rather than an acquisition. A limited supply of SK Hynix’s U.S.-traded shares further accelerated the stock's upward movement.