TradingKey – SK Hynix denies acquiring Intel’s US wafer fab, causing its share price to come under pressure and briefly fall below the 2 million won ($1,347) threshold.

On July 22, SK Hynix officially debunked market rumors regarding its ‘proposed acquisition of Intel’s wafer fab and land facilities in Ohio, USA’. The company issued an official statement today to explicitly deny the rumor, stating that it ‘has neither decided to acquire the plant’s assets nor has it ever sought such an acquisition.’

Statement released by SK Hynix, Source: DART

Affected by the clarification of the acquisition rumors, SK Hynix’s share price came under pressure and moved lower intraday. This morning, SK Hynix’s shares surged over 9% at the open, briefly…