SANTA CLARA, Calif. — Intel shares rose 4.63% to $101.63 in midmorning trading Wednesday, up $4.49, after reports that SK hynix is in talks to make memory in the United States using Intel capacity and after Chief Executive Lip-Bu Tan said the company can fill only about half of customer demand for CPUs.

The stock closed Tuesday at $97.14. Premarket prints already pointed higher after The Wall Street Journal and other outlets said SK hynix was discussing a U.S. manufacturing arrangement that could tap Intel's Ohio footprint. Neither company announced a signed deal. Traders treated the talks as a foundry-and-packaging catalyst: a memory leader needing American wafers, and Intel needing paying volume on tools that have been underused.

Tan spoke Monday at Splunk's .conf26 conference in Denver. Asked by........

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