SK hynix reiterates no decision on Solidigm's U.S. IPO

SK hynix Inc. has stated that it is currently examining different funding avenues for its U.S. subsidiary, Solidigm, but has yet to make a definitive decision. This reaffirms the company's earlier stance on rumors of a potential U.S. listing, with reports suggesting that Solidigm might undertake an initial public offering (IPO) in the United States as early as next year, potentially valuing the subsidiary at up to US$150 billion.

The South Korean chipmaker disclosed in a press release that they are actively considering measures to bolster Solidigm's competitiveness, but reiterated that their position remains unchanged and that no decisions have been finalized. SK hynix emphasized their ongoing evaluation of the need for investments to safeguard Solidigm's production capacity and technological edge.

Any capital utilization plans pertaining to Solidigm will be thoroughly reviewed, considering the company's broader investment strategies, financial standing, and capital allocation. The firm also noted that they would meticulously assess the potential effects on existing shareholders and explore necessary steps to ensure their interests are well-protected.