SK Hynix's Solidigm weighs IPO that could value the unit at up to US$150 billion, sources say
The plans remain at an early stage and could change depending on market conditions
Chipmaker SK Hynix’s subsidiary, Solidigm, is contemplating an initial public offering (IPO) that could value the US-based business at up to $150 billion, according to sources familiar with the matter. The IPO, potentially the largest in US semiconductor history, could raise around $15 billion. Solidigm, which was spun off from SK Hynix in 2021 after Intel's NAND memory and SSD business was acquired, is planning to hold pitch meetings with investment banks for the IPO in early 2024.
The company aims to capitalize on the high demand for AI infrastructure and secure a valuable standalone valuation for its storage portfolio.
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