Intel gains; report says SK Hynix considering it for chip production
INTC•Broker views and year-to-date performance
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Fourteen of 49 brokerages rate INTC "buy" or higher, 33 "hold" and two "sell"; their median PT is $110 - LSEG-compiled data
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Up to last close, INTC was up more than 142% year to date
Intel shares rise on SK Hynix production report
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Shares of Intel INTC.O rose as much as 1.7% in premarket trading; last up 0.8% at $90.17
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SK Hynix 000660.KS is considering entrusting Intel with the production of base die chips, according to a report on Monday
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The South Korean chipmaker is trying to diversify its foundry base beyond Taiwan's TSMC 2330.TW; INTC hired former SK Hynix CEO Lee Seok-hee as senior vice president for its foundry business in June, the report said citing analysts
