SK hynix halts review of Solidigm US IPO on volatility

· Tech · South Korea · United States

South Korea's SK hynix said Friday it has decided to suspend its review of a US initial public offering for Solidigm, its US-based NAND flash subsidiary, citing market volatility. The decision shelves a listing that would have tested investor appetite for memory chip assets amid a sharp selloff in technology shares. SK hynix acquired Solidigm through its 2021 purchase of Intel's NAND business. Memory stocks have taken a beating in recent days, though Nvidia CEO Jensen Huang said this week he sees no sign of a memory glut by 2029. The company did not give a new timeline for the potential listing.

Why it matters：Pulling the listing shows how fast the AI-driven tech selloff is closing the IPO window for semiconductor assets, delaying capital-raising plans across the sector.

Key points

  • Solidigm is SK hynix's US-based NAND flash subsidiary
  • SK hynix acquired it via its 2021 purchase of Intel's NAND business
  • No new timeline given for a potential listing

Sources (original reporting)

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