{"id":65180,"date":"2026-07-21T19:38:13","date_gmt":"2026-07-21T23:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-denies-reports-of-ohio-fab-sale-to-sk-hynix\/65180\/"},"modified":"2026-07-21T19:38:13","modified_gmt":"2026-07-21T23:38:13","slug":"intel-denies-reports-of-ohio-fab-sale-to-sk-hynix","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-denies-reports-of-ohio-fab-sale-to-sk-hynix\/65180\/","title":{"rendered":"Intel Denies Reports of Ohio Fab Sale to SK Hynix"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) has officially denied<\/strong> that it is in talks with South Korean memory giant <strong>SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>)<\/strong> regarding the sale or partnership of its <strong>$28 billion Ohio semiconductor campus<\/strong>.<\/li>\n<li>The denial follows reports from South Korean media suggesting <strong>SK Hynix<\/strong> was reviewing an acquisition of the site to establish <strong>front-end memory production<\/strong> in the United States.<\/li>\n<li><strong>SK Hynix<\/strong> recently completed a record-breaking <strong>$26.5 billion U.S. IPO<\/strong> on the Nasdaq, fueling intense speculation about its plans for aggressive American expansion.<\/li>\n<li>Intel remains committed to its <strong>&quot;Silicon Heartland&quot;<\/strong> project in New Albany, Ohio, despite shifting its operational timeline to <strong>2030-2031<\/strong> due to market conditions and internal restructuring.<\/li>\n<\/ul>\n<p>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) on Tuesday moved to quash rumors regarding a potential deal with SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>) for its massive manufacturing site in Ohio. A person familiar with the matter confirmed to <em>Semafor<\/em> that the two chipmakers are <strong>not in deal talks<\/strong>, contradicting earlier reports that suggested a transfer of the &quot;Silicon Heartland&quot; campus was under internal review.<\/p>\n<p>The speculation gained traction following an exclusive report from <em>JoongAng Ilbo<\/em>, which claimed <strong>SK Hynix<\/strong> was negotiating to acquire the campus to meet rising U.S. demand for <strong>High-Bandwidth Memory (HBM)<\/strong>. The Korean firm has been under increasing pressure from Washington to expand its U.S. manufacturing footprint beyond its current <strong>$3.87 billion packaging facility<\/strong> under construction in Indiana.<\/p>\n<p>Intel&#39;s Ohio project, originally announced as a <strong>$20 billion investment<\/strong> and later increased to <strong>$28 billion<\/strong>, has faced significant scrutiny over the past year. While the company recently hit a <strong>federal funding milestone<\/strong> under the CHIPS Act, it has pushed back the start of operations from 2025 to at least <strong>2030<\/strong>. This delay, combined with Intel&#39;s broader corporate restructuring, had led some analysts to believe the company might seek to offload the site to a partner.<\/p>\n<p>For <strong>SK Hynix<\/strong>, the need for U.S.-based production is driven by its dominant position in the AI supply chain. The company currently controls over <strong>60% of the global HBM market<\/strong> and counts <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) as a primary customer. Having raised <strong>$26.5 billion<\/strong> in its July 2026 Nasdaq debut\u2014the largest foreign IPO in U.S. history\u2014the company possesses the capital necessary for a major acquisition, though it appears the Ohio site is not currently on the table.<\/p>\n<p>Despite the denial of a deal, the geopolitical and economic pressures on both companies remain high. Intel continues to focus on its <strong>14A process node<\/strong> and securing foundry customers to justify its massive capital expenditures. Meanwhile, <strong>SK Hynix<\/strong> is exploring various options to increase supply and combat &quot;chipflation,&quot; with Chairman Chey Tae-won recently confirming that the company is actively considering additional U.S. factories to ensure the sustainability of the AI boom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) has officially denied that it is in talks with South Korean memory giant SK Hynix (SKHY) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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