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07-09
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SK Hynix Turns to Intel — Can Foundry Capture the Memory Opportunity?
Intel led Wednesday, +4.03% to $101.05, on a memory story: SK Hynix is reported to be in talks to make memory chips using Intel's U.S. capacity. The odd part is who moved. SK Hynix +0.02% to $174.87, Micron -0.11% to $926.55, SanDisk -0.71% to $1,519.97 - the memory names did nothing at all. One headline, a 4% move in the fab and a flat line in its customers. The read is that memory's binding constraint is capacity, so whoever owns capacity gets paid. But flat is not agreement, it is no opinion. Nothing is signed, and fabs take years. Can foundry capture memory's shortage?
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