Intel (INTC) Stock Rises as SK Hynix Eyes Intel Foundry for HBM4E Production
TLDR
- Intel stock rose 1.5% in premarket trading after reports SK Hynix is considering Intel Foundry for HBM4E base-die production
- TSMC-produced HBM4 base dies reportedly cost 3-4x more than SK Hynixโs internally made core dies
- SK Hynix said on August 31 it could not confirm details and some reported information was inconsistent with the facts
- Intel CEO Lip-Bu Tan bought approximately $10 million worth of INTC stock at $95 per share earlier this month
- INTC is up 142.5% year-to-date, with a consensus Hold rating and average price target of $116.84
Intel stock climbed 1.5% in premarket trading Monday, hitting around $89.47 at the open, after South Korean memory chipmaker SK Hynix was reported to be evaluating Intel Foundry as a supplier for base dies used in its next-generation HBM4E memory chips.
A base die is the logic chip at the bottom of an HBM stack, managing communication between memory chips and processors like GPUs. As HBM technology advances, these components are getting more complex and expensive to build.
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