The instability began after Reuters reported that Solidigm was considering a 2027 IPO that could raise $15B and value the unit at $150B. Such a listing would represent the largest semiconductor debut in U.S. history, exceeding previous valuations like Cerebras at $56.4B and Arm at $54.5B. Solidigm was formed after SK Hynix acquired Intel's memory and SSD operations for approximately $9B, and roughly 60% of the unit's inbound talent this year has come from Intel.
Tuesday, October 20, 2026
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SK Hynix Denies Concrete $150B Solidigm IPO Plans Following Share Drop
Tech20 days ago
Management at the South Korean memory producer is weighing internal funds against external capital to expand its NAND capacity in the U.S. and strengthen its competitiveness in AI data center SSDs. The company clarified that no firm decisions have been made regarding a public listing of its unit, Solidigm, contradicting reports that the firm was pursuing a market debut. This response to stabilize investors follows a decline in SK Hynix shares, which fell as much as 3.2% on concerns over the chipmaker's complex ownership structure.
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