SK hynix says it has no plan to buy Intel’s Ohio chip plant

The chipmaker said it is not pursuing Intel’s Ohio land and manufacturing plants and that no decision has been made, after a Korean media report said talks covered a deal and memory-chip production within five years.

Summary

SK hynix said it currently has no plan to acquire Intel’s land and manufacturing plants in Ohio and is not pursuing those assets, while adding that no decision has been made on any potential interest. The statement pushed back on a Korean media report that said SK hynix was in talks to buy Intel’s large semiconductor complex in the state and aimed to begin front-end memory-chip production there within five years, leaving any transaction unconfirmed.

Terms & Concepts
  • front-end production: Early chip manufacturing steps performed on wafers before later packaging and testing stages.
  • memory chip: A semiconductor device used to store data, including products such as DRAM and NAND.
  • semiconductor complex: A large chip manufacturing site that can include land, fabrication plants, and related infrastructure.