SK Hynix drops US IPO plan for Solidigm, newspaper reports
SK Hynix, a South Korean chipmaker, has reportedly decided against pursuing a US initial public offering for its Solidigm subsidiary, according to a South Korean newspaper report. The Korea Economic Daily cited unnamed industry sources, but SK Hynix has not yet commented on the matter. This news follows weeks of SK Hynix reviewing potential options to boost Solidigm's competitiveness, though no final decisions have been made.
Solidigm, headquartered in Rancho Cordova, California, is a US-based subsidiary specializing in NAND flash memory and solid-state drives, operating under SK Hynix Inc.
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