SK hynix's Solidigm Explores U.S. IPO as AI Storage Business Gains Momentum

SK hynix's U.S. semiconductor subsidiary Solidigm is exploring an initial public offering (IPO) that could value the business at up to $150 billion, reflecting the growing significance of enterprise storage in the global artificial intelligence infrastructure market. The potential listing, which could raise approximately $15 billion, is being discussed with global investment banks and could take place as early as 2027, according to Reuters.

Solidigm, established following SK hynix's acquisition of Intel's NAND flash memory and SSD business, focuses on enterprise SSDs used in servers, cloud infrastructure, and data centers, particularly for high-capacity storage products designed for demanding AI workloads. The IPO discussions have brought renewed attention to the company's business potential and the possibility of obtaining an independent market valuation for its enterprise storage operations, further strengthening SK hynix's position in the AI semiconductor market.

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