SK Hynix Denies Intel Ohio Fab Acquisition Talks, Stock Pares Loss
SK Hynix shares fell 4% in early trading on July 22, 2026, before paring losses to 2% after the company formally denied a Korea JoongAng Daily report claiming it was in talks to acquire Intel's under-construction Ohio semiconductor fab campus. In a Korea Exchange regulatory filing, SK Hynix stated it had not pursued or decided to acquire the site. Intel separately reaffirmed its commitment to the Ohio project, with its stock nearly unchanged. The sell-off appeared SK Hynix-specific, as memory peers Micron Technology held flat and Western Digital rose 2%. The broader market shrugged off Middle East tensions tied to US-Iran confrontations, with the NASDAQ 100 recovering from an early 0.5% drop. WTI crude oil rose 3% to around $87 per barrel amid ongoing US strikes in the region. SK Hynix's role as NVIDIA's primary HBM supplier remains intact, with its July 29 earnings as the next catalyst.
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