1 hour ago
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David Moadel
Wed, July 22, 2026 astatine 9:32 AM CDT 4 min read
Quick Read
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SK Hynix filed a Korea Exchange regulatory denial of reports it would get Intel's Ohio fab; SKHY shares dropped 4% but past trimmed the nonaccomplishment to 2%.
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Micron banal held level and Western Digital banal roseate 2%, confirming that the sell-off is chiefly SK Hynix-specific alternatively than a wide representation assemblage retreat.
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SK Hynix's relation arsenic NVIDIA's superior HBM supplier stays intact, with its July 29 net the adjacent catalyst for shipment and spending guidance.
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Shares of SK Hynix (NASDAQ:SKHY) are trading little this Wednesday morning, with SK Hynix banal down 2% to $167.72 aft an aboriginal dip of 4%. The Korean representation elephantine pared overmuch of that nonaccomplishment aft issuing a ceremonial denial of a Korea JoongAng Daily study claiming it was successful talks to get Intel's (NASDAQ:INTC) under-construction Ohio semiconductor fab campus.
The determination arrives connected a league wherever the broader NASDAQ 100 clawed backmost astir of an aboriginal 0.5% driblet tied to Middle East tensions, leaving the portion astir level connected the session.
Denial Pulls the Stock Back After Ohio Fab Report
In a July 22 Korea Exchange regulatory filing, SK Hynix stated it "continuously reviews assorted concern business and acquisition opportunities" but "has not pursued oregon decided to get Intel's Ohio tract and fab." The rumor concisely lifted SK Hynix shares, and the denial pulled them back.
Intel separately reaffirmed its committedness to the Ohio project, with Intel banal astir unchanged astatine $105.48 arsenic the counterparty successful the denied rumor. Moor Insights & Strategy's Patrick Moorhead called the reported talks "highly unlikely," reinforcing that the communicative ne'er had beardown manufacture backing.
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The Ohio field was announced successful January 2022 with an archetypal $28 cardinal terms tag, scaling to arsenic overmuch arsenic $100 cardinal agelong word crossed astir 1,000 acres and up to 8 fabs. The timeline has since slipped to 2030 oregon 2031, and Washington has been pushing Samsung and SK Hynix toward U.S. representation manufacturing alongside home person Micron Technology (NASDAQ:MU).
Intel besides has its ain foundry communicative building. Its archetypal publically named foundry lawsuit nether CEO Lip-Bu Tan is Fortinet (NASDAQ:FTNT), whose SP6 information processor is acceptable to beryllium built connected the Intel 4 process node. That backdrop makes immoderate proposition Intel would offload the Ohio tract to a overseas rival a hard sell.
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