Reuters reported Sept. 25 that SK Hynix is evaluating a 2027 U.S. IPO of its NAND subsidiary Solidigm, which could value the business at $150 billion and raise up to $15 billion. Solidigm held initial pitch meetings with investment banks this week.
SK Hynix completed its $9 billion acquisition of Intel’s NAND memory and storage business in 2021. The article says a listing could unlock value from the asset and provide funds for projects including the M15X facility and Yongin semiconductor cluster expansion.
The article’s analysis flags the risk that weaker memory demand or prices before 2027 could lower Solidigm’s valuation and IPO proceeds. It also notes that enterprise SSD growth is tied to hyperscale AI infrastructure spending and that selling a stake would reduce SK Hynix’s direct share of Solidigm’s operating cash flows.
