SK Hynix unit Solidigm weighs US listing at potential $150B valuation
Solidigm, the US NAND flash and SSD business owned by South Korea's SK Hynix, is weighing a stock market listing as soon as next year. The company has met banks competing for IPO roles and could seek about $15 billion, with a potential valuation near $150 billion, though details remain early. A successful deal would rank among the largest semiconductor listings and reflects investor interest in AI-related hardware.
Solidigm is SK Hynix’s California-based subsidiary focused on NAND flash and SSDs. It was formed after SK Hynix bought Intel’s NAND and SSD operations for roughly $9 billion, announced in 2020, and launched the unit in 2021. Its products serve servers, cloud systems, and data centers, including high-capacity storage aimed at AI workloads.
The reported IPO talks follow earlier signals: SK Hynix said it was weighing ways to improve Solidigm’s competitiveness, and Reuters reported a possible US NAND factory, with upstate New York a leading candidate. Solidigm has also been linked to a pre-IPO fundraising round of about 5 trillion won, or $3.6 billion.
A listing of this scale could deepen public-market exposure to AI storage demand, affecting investors, chip workers, and communities tied to data-center and possible factory growth. It may give SK Hynix’s Solidigm more capital to expand, potentially speeding AI infrastructure buildout and its energy and resource needs. Employees and regional suppliers could see new opportunities, while market concentration and semiconductor-cycle volatility may pose risks to investors and customers.