Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say

SK Hynix's subsidiary, Solidigm, is contemplating an initial public offering (IPO) that could be valued at up to $150 billion, according to sources. The US-based NAND flash memory and solid-state drive (SSD) company is expected to raise $15 billion in the IPO, which could be one of the largest semiconductor listings on record. Pitch meetings with investment banks have been conducted this week, marking a significant step towards the IPO process.

The size of the deal and timing remain preliminary and may change based on market conditions. The IPO could capitalize on strong investor demand for AI infrastructure, benefiting the semiconductor and hardware sectors. Solidigm, launched as a standalone subsidiary in 2021, supplies enterprise SSDs used in servers, cloud infrastructure, and data centers.

The company has differentiated itself through high-capacity storage products tailored for AI applications, where data volumes are rapidly growing.