AI · SEMICONDUCTOR · FACT CHECK
SKD WIRETrue
SK hynix has discontinued its review of a potential US listing for Solidigm, its US-based NAND flash subsidiary, with the decision attributed to considerations for the interests of existing shareholders.
SK hynix had been weighing a US stock market listing for Solidigm, the NAND business it acquired from Intel. The company has now stopped that review, according to information provided on the matter.
The company cited the interests of its existing shareholders as the reason for halting the review. The decision means Solidigm will not proceed toward a US offering at this stage, although no further details about the company's future plans for the subsidiary were provided.
It remains unconfirmed whether SK hynix may revisit a listing for Solidigm in the future, and no timeline for any such move has been given. The financial terms and specific structure of the previously considered listing were also not disclosed.
The claim that SK hynix discontinued its review of a Solidigm US listing over considerations for existing shareholders' interests is true.
Verdict: True
