SK hynix halts review of Solidigm's US stock market listing

Solidigm, SK hynix’s NAND flash memory subsidiary, halted its review of potential pre-IPO fundraising and IPO options on Friday, citing volatile capital markets and recent semiconductor stock-price trends. The company was established in the United States after SK hynix acquired Intel’s NAND flash memory business for $9 billion. SK hynix said the decision does not change Solidigm’s growth prospects or investment needs, and that it will continue assessing investment and financing options.

Reports had suggested a U.S. listing as early as next year could value Solidigm at up to $150 billion.

The proposed listing drew concerns about its effect on SK hynix shareholders and whether an overseas subsidiary listing would face restrictions on duplicate listings.

Financial Supervisory Service Gov. Lee Chan-jin said earlier this week that the FSS and the Financial Services Commission viewed Solidigm as subject to restrictions on duplicate listings.

SK hynix said an IPO could have improved consolidated cash flow, helped fund facility investments, supported dividends and share buybacks, and made Solidigm’s growth potential more visible to the market.

SK hynix said expanding Solidigm’s production capacity and strengthening its competitiveness remain priorities, with investment timing, scale and financing options still under assessment.

Published Oct 23, 2026 8:04 am KST

Updated Oct 23, 2026 11:08 am KST

SK hynix headquarters at Icheon, Gyeonggi Province, May 26 / Yonhap

Solidigm, SK hynix’s NAND flash memory subsidiary, has decided to halt its review of potential pre-initial public offering (IPO) fundraising and IPO options, citing volatile capital markets and recent trends in semiconductor stock prices, the chip giant said Friday.

The company was established in the United States following SK hynix’s $9 billion acquisition of Intel’s NAND flash memory business.

"While SK hynix and Solidigm continue to deliver solid business performance, financial market volatility has increased, contributing to a broader correction in semiconductor stocks," SK hynix said in a press statement.

"After comprehensively assessing these business conditions, Solidigm has decided to discontinue its review of potential pre-IPO and IPO options."

Reports circulated that Solidigm was considering a U.S. IPO as early as next year that could value the company at up to $150 billion, with the listing seen as a way to secure funding for U.S. production facilities and technology development amid growing demand for enterprise solid-state drives for artificial intelligence data centers.

However, the potential listing had raised concerns over its impact on SK hynix's shareholder value, as well as regulatory scrutiny over the possibility of a subsidiary listing overseas while its parent company remains listed in Korea.

Amid mounting controversy over Solidigm’s potential dual listing, financial authorities warned that the plan would face regulatory checks.

Earlier this week, Financial Supervisory Service (FSS) Gov. Lee Chan-jin said both the FSS and the Financial Services Commission viewed Solidigm as subject to restrictions on duplicate listings.

However, SK hynix said the decision does not reflect any change in the company’s growth prospects or investment needs.

“Rather, it reflects a reassessment of whether an IPO would be the most beneficial option for SK hynix and its existing shareholders under current market conditions," it added.

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SK hynix said raising external capital through an IPO could have improved its consolidated cash flow, helping fund facility investments while supporting shareholder returns through dividends, share buybacks and share cancellations. It also said an IPO could have allowed the market to better recognize Solidigm’s growth potential, which it believes is not adequately reflected in SK hynix’s current corporate value.

Expanding Solidigm’s production capacity and strengthening its competitiveness remain key priorities, SK hynix said, adding that it would continue to assess investment timing, scale and financing options to support the subsidiary’s growth and enhance value for existing shareholders.

SK海力士旗下NAND闪存子公司Solidigm于周五暂停了对IPO前融资和IPO方案的评估，理由是资本市场波动以及近期半导体股票价格走势不佳。该公司是在SK海力士以90亿美元收购英特尔NAND闪存业务后在美国成立的。SK海力士表示，此举不会改变Solidigm的增长前景或投资需求，并将继续评估投资和融资方案。

有报道称，Solidigm 最早可能于明年在美国上市，其估值可能高达 1500 亿美元。

拟议的上市引发了人们对其对 SK 海力士股东的影响以及海外子公司上市是否会面临重复上市限制的担忧。

金融监督院院长李灿镇本周早些时候表示，金融监督院和金融服务委员会认为Solidigm公司应受到重复上市限制。

SK海力士表示，IPO可以改善合并现金流，帮助为设施投资提供资金，支持股息和股票回购，并使Solidigm的增长潜力对市场更加明显。

SK海力士表示，扩大Solidigm的产能并增强其竞争力仍然是优先事项，投资时机、规模和融资方案仍在评估中。

发布于2026年10月23日 上午8:04（韩国标准时间）

更新于2026年10月23日上午11:08（韩国标准时间）

SK海力士位于京畿道利川市的总部，5月26日/韩联社

SK海力士旗下NAND闪存子公司Solidigm周五表示，鉴于资本市场波动和半导体股票价格近期走势，该公司已决定暂停对潜在的IPO前融资和IPO方案的审查。

SK海力士斥资90亿美元收购英特尔的NAND闪存业务后，该公司在美国成立。

SK海力士在一份新闻稿中表示：“尽管SK海力士和Solidigm继续保持稳健的业务表现，但金融市场波动加剧，导致半导体股票出现更广泛的调整。”

“在对这些商业状况进行全面评估后，Solidigm决定停止对潜在的IPO前和IPO方案的审查。”

有报道称，Solidigm 正在考虑最早于明年在美国进行 IPO，公司估值可能高达 1500 亿美元。上市被视为在人工智能数据中心对企业级固态硬盘的需求不断增长的情况下，为美国生产设施和技术开发筹集资金的一种方式。

然而，潜在的上市引发了人们对 SK 海力士股东价值影响的担忧，以及对子公司在海外上市而其母公司仍在韩国上市的可能性的监管审查。

在Solidigm可能进行双重上市的争议日益加剧之际，金融监管机构警告称，该计划将面临监管审查。

本周早些时候，金融监督院院长李灿镇表示，金融监督院和金融服务委员会都认为Solidigm公司受到重复上市限制。

然而，SK海力士表示，该决定并不反映公司增长前景或投资需求的任何变化。

“相反，这反映出SK海力士及其现有股东正在重新评估，在当前市场条件下，IPO是否是最有利的选择。”声明补充道。

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SK海力士表示，通过IPO筹集外部资金可以改善其合并现金流，有助于为设施投资提供资金，并通过分红、股票回购和股份注销来提高股东回报。该公司还表示，IPO可以让市场更好地认识到Solidigm的增长潜力，而SK海力士认为，这种潜力并未充分反映在其目前的公司价值中。

SK海力士表示，扩大Solidigm的产能并增强其竞争力仍然是关键优先事项，并补充说，将继续评估投资时机、规模和融资方案，以支持子公司的增长并提高现有股东的价值。