SK hynix reiterates no decision on Solidigm's US IPO
SK hynix said Thursday it is reviewing various funding options for its U.S. subsidiary Solidigm but that no decision has been made, reiterating its previous position on reports of a possible U.S. listing. Reports circulated that Solidigm is considering an initial public offering (IPO) in the United States as early as next year that could value the subsidiary at up to $150 billion. "We are…
SK hynix issued a statement on Thursday, reaffirming that it has not yet made a decision regarding Solidigm's potential U.S. IPO. The South Korean chipmaker's previous stance on reports suggesting a possible IPO for the subsidiary, valued at up to $150 billion, remains unchanged. Reports had circulated regarding Solidigm's consideration of an initial public offering as early as the following year.
SK hynix stated in a press release that it is actively reviewing various measures to enhance Solidigm's competitiveness. However, the company emphasized that its position on the matter remains unchanged, with no decision having been made.
The South Korean firm continues to explore investment options to secure Solidigm's production capacity and maintain its technological competitiveness. These capital utilization plans will be thoroughly reviewed, taking into account the company's overall investment strategy, financial condition, and capital allocation.
Furthermore, SK hynix assured that it would carefully evaluate the potential impacts on existing shareholders and consider necessary measures to safeguard their interests.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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