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

New York - Chipmaker SK Hynix's U.S. subsidiary, Solidigm, is contemplating an initial public offering (IPO) that could be valued at a staggering $150 billion, sources reveal. Three people familiar with the matter have disclosed that the company held pitch meetings with investment banks last week, engaging in a bake-off to determine potential IPO underwriters.

This development marks a significant step towards what could be the largest-ever U.S. semiconductor listing. The IPO could potentially raise $15 billion, according to the three sources, who spoke on condition of anonymity due to the sensitive nature of the information. While the exact specifics of the deal, including its size and timing, remain in the early stages and could undergo changes based on market conditions, the potential IPO would represent a major milestone for Solidigm.

As a key component of SK Hynix's storage portfolio, the listing would also aim to capitalize on the heightened investor interest in companies tied to artificial intelligence infrastructure, which has contributed to the surge in semiconductor values.