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SKD WIRETrue
SK hynix has stopped its review of a possible U.S. stock market listing for Solidigm, its U.S.-based NAND flash memory subsidiary, according to a report by Thumb News. The decision ends — for now — the possibility that the drive maker, acquired by SK hynix from Intel, would pursue an independent listing on a U.S. exchange.
Solidigm was folded into SK hynix following the Korean chipmaker's acquisition of Intel's NAND and solid-state drive business. The subsidiary has been regarded as a key asset in SK hynix's NAND strategy, and a U.S. listing had been floated as one option to unlock its value.
The review of a potential U.S. initial public offering had been under consideration, but SK hynix has now discontinued the process, according to the report.
The discontinuation of the listing review leaves SK hynix keeping Solidigm fully within its corporate structure rather than pursuing a partial spin-off through a public float. No new timeline or alternative plan for Solidigm's market debut was indicated in the report.
The move comes as SK hynix continues to prioritize its memory business portfolio amid shifting conditions in the NAND market. Details on the company's reasons for stopping the review were not elaborated in the source report, and SK hynix's next steps for Solidigm remain unclear.
The claim that SK hynix has suspended its review of Solidigm's U.S. listing is True.
